India identifies copper and lithium mines in Argentina; to acquire soon

India has identified two lithium mines and one copper mine in Argentina, and it may acquire or lease them soon, a report by BusinessLine (BL) said. In November 2022, the Indian government sent a team of geologists to South America to "assess potential lithium deposits".

The report cited officials of the ministry of mines as saying that the ownership or leasing rights of the mines will be with Khanij Bidesh India Ltd (Kabil). It is a joint venture of the National Aluminium Company (Nalco), Hindustan Copper (HCL) and Mineral Exploration Corporation Ltd (MECL). It was formed in 2019 to ensure