India and Argentina have just sealed an MoU to work together on exploring and developing critical minerals, with a special focus on lithium. This partnership was made official on Wednesday, February 19, with Union Minister for Coal and Mines G Kishan Reddy and Raúl Alejandro Jalil, Governor of Catamarca, Argentina, in attendance.

According to the Ministry of Mines, the countries discussed strengthening cooperation in the mining sector, particularly in lithium exploration and investment prospects.

"A key highlight of the meeting was the signing of a Memorandum of Understanding between Mineral Exploration and Consultancy Limited (MECL), a PSU under the Ministry of Mines, and the Provincial Government of Catamarca, Argentina, which will pave the way for deeper collaboration in exploration and resource development of critical minerals," the ministry stated.

The statement noted that Argentina has substantial lithium reserves and is regarded as an important partner for India in obtaining crucial raw materials needed for electric vehicle batteries and renewable energy storage.

The talks also included updates on lithium exploration efforts in the Catamarca region by Khanij Bidesh India Ltd (KABIL) and Greenko. Both sides discussed opportunities for increased Indian involvement in Argentina’s mining sector, including potential investments, long-term supply agreements and joint ventures.

Senior officials discussed policy frameworks, regulatory measures and sustainable mining practices to establish a partnership that benefits both sides. The talks also highlighted the significance of knowledge sharing and infrastructure development in supporting India’s participation in Argentina’s mining sector.

This partnership is part of India's more significant push to secure the critical minerals it needs to operate its shift to clean energy and electric transportation. To achieve this, India has been actively developing ties with countries rich in these minerals to shore up its supply chains.