India joins in on Argentina’s lithium race

India joins in on Argentina’s lithium race

BUENOS AIRES, January 16, 2024 – Indian state-owned mining entity Khanij Bidesh India has signed a USD 24-million lithium exploration pact for five licences in Argentina, Reuters reported on Monday.

Under the deal with a local state-run company, the Indian player will have exploration and developmental rights for commercial production.


India has recently focused on sourcing minerals from foreign markets such as Australia, Argentina and Chile that are necessary for its decarbonisation strategy, construction of renewable energy assets and electric vehicles.

In December 2023, a top mining official said India was in preliminary talks with Bolivia for lithium assets.

In November 2023, India opened the first tranche of its new minerals auction with 20 concessions on offer, including lithium reserves found in the Union Territory of Jammu & Kashmir.

Read our latest insights on: