Cabinet Approves Agreement with Argentina for Securing Strategic Minerals

New Delhi: As part of India’s mbitious playbook for electric mobility and green energy storage, the union cabinet on Wednesday approved an agreement to be signed between India and Argentina for mineral resources’ cooperation.

This to-be-inked Memorandum of Understanding (MoU) is aimed towards



facilitating India’s energy security goals and involves setting up joint ventures for strategic minerals and future investments. This assumes significance given that Chinese state-owned firms have secured lithium mine concessions in countries such as Argentina, Bolivia, and Chile, which forms the so-called lithium triangle.