Russia is gradually building up its own production of lithium-ion batteries for electric cars, and several lithium deposits are planned for development: rising prices for this metal on the global market make these projects economically feasible and profitable. The US Geological Survey estimates that Russia has 1 million tonnes of lithium reserves.
Lithium-ion batteries offer a contemporary solution to curb greenhouse gas emissions and combat the climate crisis driven by gasoline usage. Consequently, rigorous research is currently underway to improve the performance and sustainability of current lithium-ion batteries or to develop newer battery chemistry.
It should be noted, though, that some of the imports are then exported in the form of other compounds. Russia’s internal demand for lithium is 400 to 700 metric tons. Lithium is used in the nuclear power industry, in energy storage systems, and in the production of slag-forming mixtures for ladles and lubricants for mining operations.
Lithium batteries are batteries that use lithium as an anode. This type of battery is also referred to as a lithium-ion battery and is most commonly used for electric vehicles and electronics.
The Russian Government estimates the country’s needs at about 3,000 tons — this is how much of various metal compounds was imported in 2021. It should be noted, though, that some of the imports are then exported in the form of other compounds. Russia’s internal demand for lithium is 400 to 700 metric tons.
Lithium is not mined in Russia, so self-sufficiency in this metal is a problem, dealing with which is high on the agenda. High demand for lithium is a global trend driven by the rapid development of electric vehicles, primarily in China. Supply cannot yet catch up with demand.
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