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Mining cooperation shaping India-Argentine partnership
ET Bureau | March 4, 2026 3:57 AM CST

Synopsis

Argentina and India are strengthening economic ties. Mining cooperation is a key focus, with Argentina offering a favorable framework for Indian investment in critical minerals. Agreements are already in place for lithium exploration. India is a growing partner for Argentina, with bilateral trade increasing. Future collaborations are expected at events like Bharat Steel 2026.

Argentine Ambassador Mariano Caucino has stated that mining cooperation is one of the “key milestones of our bilateral economic relationship”.

He was speaking at the Bharat Steel 2026 pre-gathering organized by the Ministry of Steel.

“Argentina and India are natural partners thanks to a high degree of economic complementarity”, Caucino stated and reminded that “India is the fastest growing economy in today’s world and has already became

Argentina’s sixth largest partner”.

Caucino recalled that “in 2025, India's Steel Secretary led a high-level delegation to Argentina, accompanied by leading Indian mining companies. That visit was showed that India sees Argentina as a strategic partner to source of the critical minerals that power modern steelmaking”.

The Argentine envoy emphasized that “our government is committed to provide the adequate framework for that relationship: our RIGI regime (the Large Investment Incentive Regime) offers investors the legal stability, tax predictability, and long-term protection they need to commit to large-scale mining and industrial projects”.

Caucino stated that “thee early fruits of that shared vision are showing: in early 2024, CAMYEN (the mining and energy company of the province of Catamarca) and KABIL (India's Critical Minerals joint venture company) signed an agreement to explore and develop lithium blocks in Catamarca province (a state in northern Argentina), which is a concrete expression of what Argentina-India cooperation looks like in practice”.

The envoy affirmed that “this was followed by the recent visit to India by JEMSE (Jujuy’s Energy and Mining State Company, a province (another northern Argentine state) that holds some of the world's richest lithium reserves”.

Caucino said that “all of that was just the beginning. I am delighted to share that Argentine governors representing some of our most dynamic mining provinces will be present here at Bharat Steel 2026”.

The envoy concluded “Argentina and India are natural partners. You need the minerals; we have them in abundance. And now, with the proper regulatory framework we can make it happen. We expect that Bharat
Steel 2026 will help us go a step further”.

Earlier speaking at the 27th Trans-Asian Chamber of Commerce and Industry Conference in Mumbai last week, Caucino, highlighted the "strong complementarity between the two economies".

Caucino indicated that India has now become Argentina's sixth largest trading partner. "Despite the enormous distance between our nations and the fact that we belong to different cultures, the friendship between Argentina and India is based on common values such as democracy and on an increasingly high complementarity between our economies," the ambassador explained.

The envoy stated that “In the agricultural sector, our country has become the leading supplier of vegetable oils to India, which is the world's largest importer of vegetable oils. 2025 marked a new record in this area, and Argentina solidified its position as a reliable food security provider for the enormous Indian market”.

Caucino highlighted that “In the area of mining and critical minerals, there is a very important complementarity that has strengthened Argentine-Indian cooperation. For example, Argentina has one of the world's largest lithium reserves, in the so-called Lithium Triangle, which we share with Bolivia and Chile”. Caucino stated that “Indian companies are already working and investing in Argentina and more cooperation in this field will probably surge in the next future”.

Caucino emphasized that “India is becoming more and more important for us and for the entire world, as a consequence of its rise in the global context and due to the great complementarity between our economies”.

The envoy emphasised that "since elevating our relationship to the status of strategic partners in 2019, we have significantly increased the volume of our economic and trade ties". Currently, the bilateral
trade volume is around 5 billion US dollars, the release stated.


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