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India-Argentina deal can be viewed as the initiation of Indias concerted efforts to explore alternative sources of this critical mineral globally, thereby loosening Chinas stranglehold.
Get latest articles and stories on India at LatestLY. The Government of India has entered into an agreement with Argentina for the exploration of lithium in the South American nation, as it seeks to delve into the supply of the rare element, which is crucial for the transformation towards an 'environment-friendly' future. India News | India Signs Agreement with Argentina for Lithium Exploration and Mining Projects.
Along with Chile and Bolivia, Argentina has more than half of the world's lithium reserves. The most important use of lithium is in rechargeable batteries for mobile phones, laptops, digital cameras and electric vehicles.
India signed a Rs 200 crore deal with Argentina on Monday (15 January) for the exploration and development of five lithium brine blocks in the Catamarca province