The acquisition would be made through Khanij Bidesh India Ltd (KABIL)—a joint venture of three public-sector mining units—which recently visited the Lithium Triangle countries in South America (Chile, Argentina and Bolivia) to explore the possibility of lithium acquisition.
Bolivia will provide India with access to its lithium carbonate, and also facilitate joint ventures for lithium battery/cell production plants in India. The partnership will provide a major fillip to India’s ambitious e-mobility plans.
As India plans to set up large lithium-ion battery plants, the Lithium Triangle countries in South America (comprising Chile, Argentina and Bolivia) have offered to meet India’s growing demand for lithium.
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