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.

Next Story
Infrastructure Transport

Kochi's Valanthakad Island to Get Bus Connectivity with Bridge Completion

Residents of Valanthakad, a tranquil island near Kochi, are celebrating the revival of a long-awaited bridge project connecting them to the mainland, with plans for bus connectivity now in the works. The new bus services are set to benefit Valanthakad’s nearly 15,000 residents, as well as the residents of Perumbalam, a nearby island, with enhanced public transportation options. The Tripunithura Sub Regional Transport Office (RTO) has proposed 21 new routes, including the 5km-long Tripunithura-Valanthakad Kadavu and 28km-long South Paravoor Jetty-Vaduthala Jetty-Perumbalam stretches. These r..

Next Story
Infrastructure Urban

KTR Demands Cancellation of Rs.88 Billion AMRUT Tenders

Bharat Rashtra Samiti (BRS) working president KT Rama Rao has called for the cancellation of tenders worth Rs.88.88 billion, awarded under the AMRUT 2.0 scheme in Telangana. Addressing the media in New Delhi on Tuesday, Rama Rao accused the Congress-led Telangana government of engaging in "crony capitalism and corruption," raising concerns over the integrity of the tender process. The tenders, issued in February, include six packages, one of which is a Rs.11.37 billion contract awarded to a joint venture involving Indian Hume Pipe Company (IHP), Sodha Constructions, and AMR. According to KTR,..

Next Story
Infrastructure Transport

Bengaluru-Chennai Expressway: 72km Karnataka Stretch Completed

The National Highways Authority of India (NHAI) has completed the 72-km stretch of the Bengaluru-Chennai Expressway that falls within Karnataka. The project, which faced delays due to local objections over the relocation of the Guddamma Temple at Jinnagara, has now moved past its final hurdle. After over two years of negotiations with villagers and the state government, NHAI successfully shifted the temple and constructed the remaining 500-meter section of the road. Despite the construction being completed, NHAI has yet to announce when motorists will be allowed to use the new road. The expres..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000