India Joins Global Battery Race Eying Reserves in South America´s Lithium Triangle

Argentina, Bolivia, and Chile together currently hold over 80 percent of the world's lithium reserves. Of these, Bolivia's untapped lithium reserves make up half of the world's total lithium supply.

RIO DE JANEIRO, BRAZIL - Just as it was stepping up its economic offensive against China, India, through a newly-floated state-owned company, inked a pact with an Argentine firm mid-last year to jointly prospect lithium in the South American country that has the third largest reserves of the silver-white alkali metal — a crucial building block of the lithium-ion rechargeable batteries that power electric vehicles (EVs), laptops and mobile phones.

The new company, Khanij Bidesh India Ltd — incorporated in August, 2019 by three state-owned companies - NALCO, Hindustan Copper and Mineral Exploration Ltd - with a specific mandate . . .

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