Lithium-rich Argentina invites Indian automakers

Association for Mineral Exploration

With the automotive industry investing heavily in electrification and electric mobility, and as the emission norms get tighter, the world needs more Lithium.

Argentina says they’ve got it. The South American nation has approached the Indian Government and the automakers to invest in the country’s lithium mines. Argentina has one of the largest lithium reserves in the world.

Mario Osvaldo Capello, Undersecretary of Mining Development, Ministry of Energy and Mining, Government of Argentina, said that Argentina is ready to meet India’s growing demand for lithium.

Capello, who is currently in India, has reportedly met top officials in the government including those from Ministry of Commerce and Industry and Mining, and also the corporates working on battery development and EV projects. These include representatives from Maruti Suzuki, Tata Chemicals and Su Kam battery.

“We have lithium reserves to the tune of over 3,31,000 tonnes. Apart from giving various concessions on mining, we also offer competitive edge and ensure ease of doing business compared to our competitors. Already couple of top Indian corporate have showed interest in lithium mining in Argentina,” Capello said.

Capello also said that top global corporate working on EV and lithium-ion batteries development projects like Toyota Tsusho Corp, Aberdeen International and China’s Jiangxi Ganfeng Lithium Co have formed consortiums for lithium mining in Argentina.

“We want India to explore options for lithium mining apart from mining of other metals like copper, gold and silver. With India going to lead in the EV revolution, we are also keen to partner with Indian companies in the development of Lithium-ion battery technology,” he added.

Source: PTI via ETAuto, Image: AME

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