What’s in the news?

• India and Argentina have signed of a Memorandum of Understanding (MoU) between Mineral Exploration and Consultancy Limited (MECL), a PSU under the Ministry of Mines, and the Provincial Government of Catamarca, Argentina, which will pave the way for deeper collaboration in exploration and resource development of critical minerals.
• Argentina, known for its vast lithium reserves as part of the ‘Lithium Triangle,’ is a crucial partner for India in securing essential minerals required for electric vehicle batteries and renewable energy storage. 
• With the signing of the MoU, India and Argentina have reaffirmed their commitment to strengthening ties in the critical minerals domain. 
• This collaboration is expected to accelerate lithium exploration projects, enhance resource security, and create new opportunities for Indian companies in the Latin American mining landscape.

https://pib.gov.in/PressReleasePage.aspx?PRID=2104761