New Delhi, Jan. 15 -- The Government of India has entered into an agreement with Argentina for the exploration of lithium in the South American nation, as it seeks to delve into the supply of the rare element, which is crucial for the transformation towards an 'environment-friendly' future.

Along with Chile and Bolivia, Argentina has more than half of the world's lithium reserves. The most important use of lithium is in rechargeable batteries for mobile phones, laptops, digital cameras and electric vehicles.

The agreement was signed between Khanij Bidesh India Limited (KABIL) and the state-owned enterprise of Catamarca Province, Argentina.

The agreement was signed in the presence of the Governor of Catamarca, Lic Raul Jalil; the Vice G...