Coal India, US Firm to Explore Argentine Lithium
ECONOMY & POLICY

Coal India, US Firm to Explore Argentine Lithium

State-run Coal India Ltd is collaborating with a US company to explore lithium blocks in Argentina, a critical step in securing supplies of the essential battery material, according to an Indian source with direct knowledge of the matter.

This initiative is part of India's participation in the US-led Minerals Security Partnership (MSP), which New Delhi joined last year to ensure a steady supply of minerals necessary to meet its zero-carbon objectives. As part of the MSP, India was invited to engage in 20-25 critical minerals projects, with four already identified by the Indian government.

India and the United States announced their joint investment in a lithium resource project in South America and a rare earths deposit in Africa. These moves aim to diversify critical minerals supply chains, reducing reliance on China for these essential resources.

In a related development, India's state-owned IREL (India) Ltd is exploring the Kangankunde block in Malawi for rare earths. This is one of the critical mineral projects under the MSP that India is pursuing in collaboration with the US.

Additionally, the Indian government has directed miners to investigate critical mineral deposits in Australia's Dubbo region. There are also discussions between India and the US about a critical minerals trade deal. This proposed agreement would prevent the imposition of tariffs between the two countries, akin to a pact the US has with Japan, which grants Japanese automakers broader access to US electric vehicle tax credits.

This bilateral cooperation comes after US Secretary of State Antony Blinken's visit to Argentina in February, where he highlighted US interest in investing in critical minerals, particularly lithium. Both Coal India and the federal Ministry of Mines have yet to respond to requests for comments from Reuters.

By actively seeking and securing sources of critical minerals like lithium and rare earths, India aims to fortify its supply chains, crucial for advancing its renewable energy and electric vehicle sectors as part of its broader zero-carbon goals.

State-run Coal India Ltd is collaborating with a US company to explore lithium blocks in Argentina, a critical step in securing supplies of the essential battery material, according to an Indian source with direct knowledge of the matter. This initiative is part of India's participation in the US-led Minerals Security Partnership (MSP), which New Delhi joined last year to ensure a steady supply of minerals necessary to meet its zero-carbon objectives. As part of the MSP, India was invited to engage in 20-25 critical minerals projects, with four already identified by the Indian government. India and the United States announced their joint investment in a lithium resource project in South America and a rare earths deposit in Africa. These moves aim to diversify critical minerals supply chains, reducing reliance on China for these essential resources. In a related development, India's state-owned IREL (India) Ltd is exploring the Kangankunde block in Malawi for rare earths. This is one of the critical mineral projects under the MSP that India is pursuing in collaboration with the US. Additionally, the Indian government has directed miners to investigate critical mineral deposits in Australia's Dubbo region. There are also discussions between India and the US about a critical minerals trade deal. This proposed agreement would prevent the imposition of tariffs between the two countries, akin to a pact the US has with Japan, which grants Japanese automakers broader access to US electric vehicle tax credits. This bilateral cooperation comes after US Secretary of State Antony Blinken's visit to Argentina in February, where he highlighted US interest in investing in critical minerals, particularly lithium. Both Coal India and the federal Ministry of Mines have yet to respond to requests for comments from Reuters. By actively seeking and securing sources of critical minerals like lithium and rare earths, India aims to fortify its supply chains, crucial for advancing its renewable energy and electric vehicle sectors as part of its broader zero-carbon goals.

Related Stories

Gold Stories

Next Story
Equipment

BEML Wins GeM Award for Highest MSE Order Value

BEML Limited has received the “Maximum Order Value to MSEs” award at the 10th Foundation Day celebrations of the Government e-Marketplace (GeM) held at Bharat Mandapam, New Delhi.Union Minister of Commerce and Industry Piyush Goyal presented the award, which was received on behalf of BEML by Anil Jerath, Director (Finance).The recognition acknowledges BEML's efforts to strengthen procurement from Micro and Small Enterprises (MSEs) through the GeM platform.BEML said its procurement initiatives are aimed at encouraging greater participation of MSEs in public procurement and supporting the gr..

Next Story
Equipment

BKT to Showcase Advanced Off-Highway Tyres at Bauma ConExpo

Balkrishna Industries Ltd (BKT) will showcase its latest off-highway tyre solutions at Bauma ConExpo India 2026, scheduled from September 15-18 at the India Expo Centre, Greater Noida.The company will display a range of application-specific tyres for construction, mining and industrial operations at Hall 12, Booth No. 1. Key products will include the EARTHMAX SR 30 for loaders and articulated dump trucks and the AIROMAX AM 27 for mobile cranes.BKT will also showcase MINE FORCE, EARTHMAX EXPERTO GD1, XL GRIP NEO, DYNA HAUL, CONSTEER and EARTHMAX SR423. The tyres are designed to operate under he..

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement