India set to acquire five lithium blocks in Argentina spotted by KABIL

To invest Rs 200 crore over 5 years for exploration and development

India is close to striking a deal on acquiring five lithium blocks for exploration and development in Argentina with the negotiations entering “final stages”, a senior official said, even as the country is engaged in talks with other nations rich in critical minerals.

The agreement will be signed between Khanij Bidesh India Ltd. (KABIL) — a joint venture company focused on identifying, acquiring, developing, processing and making commercial use of strategic minerals in overseas locations for supply in India — and Catamarca Minera Y Energética Sociedad Del Estado (CAMYEN), a state-owned mining and energy company in the Argentine province of