Why in News?
India has taken a major step toward securing critical minerals as Khanij Bidesh India Limited (KABIL) received environmental clearance from the Argentine government. This approval allows deep exploration of lithium-rich brine blocks in Argentina.
Why Lithium is Important?
- Lithium is a key component in batteries
- Essential for:
- Electric Vehicles (EVs)
- Renewable energy storage systems
- Electronics and aerospace
Lithium is often called βWhite Goldβ due to its strategic importance
About KABIL:
- Established under the Ministry of Mines
- A joint venture of three CPSEs:
- National Aluminium Company Limited β 40%
- Hindustan Copper Limited β 30%
- Mineral Exploration and Consultancy Limited β 30%
Objectives of KABIL:
- Identify and acquire overseas mineral assets
- Explore and develop critical & strategic minerals
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