State-held giant Coal India and a U.S. company are considering joint development of lithium assets in Argentina, under the U.S.-led pact for Minerals Security Partnership, Reuters reported on Tuesday, citing an Indian source with direct knowledge of the matter. Earlier this year, India signed an agreement with the state-owned enterprise of Catamarca province in northwest Argentina for a lithium exploration and mining project in the Argentinian province.
Chile, Argentina, and Bolivia have large resources in the so-called Lithium Triangle—a lithium-rich region of the Andes, encompassed by the borders of the three South American countries. India and the U.S. agreed on Monday to co-invest in a lithium resource project in South America and a rare earths deposit in Africa, and to responsibly and sustainably diversify critical mineral supply chains, the White House said following a meeting of U.S.