The Indian government is reportedly interested in buying a copper mine and up to two lithium mines in Argentina, in a bid to catch up with China as a top provider of minerals needed for electric vehicle (EV) batteries.
India’s Business Standard on Thursday explained that several Indian mining and minerals corporations joined forces to create an enterprise called Khanij Bidesh India Ltd. (KABIL) in 2019, with an eye toward securing a “supply of strategic materials.”
A team of geologists from the Indian government went hunting for lithium in South America last November, and now KABIL is reportedly prepared to move on acquiring one or two lithium mines and a copper mine, possibly developing them in partnership with an Argentine firm called Camyen.
The things you can do when not burdened by eco-facism and ESG initiatives.