Is there a domestic demand for lithium in Russia?

There are plans to set up domestic production. “Accelerated development of lithium ore mining projects at the Zavitinskoye, Polmostundrovskoye, Kovyktinskoye, Yaraktinskoye and Kolmozerskoye deposits in 2023–2030 will help meet most of domestic demand for lithium,” says the Russian Metals Industry Development Strategy 2030 adopted last December.

Where can lithium be mined in Russia?

“Accelerated development of lithium ore mining projects at the Zavitinskoye, Polmostundrovskoye, Kovyktinskoye, Yaraktinskoye and Kolmozerskoye deposits in 2023–2030 will help meet most of domestic demand for lithium,” says the Russian Metals Industry Development Strategy 2030 adopted last December. All of the mentioned sites are not easy to mine.

What are the prospects of development of lithium industry in Russia?

In addition, the prospects of development of lithium industry in Russia and current domestic developments in lithium mining technology are considered. Lithium electric current sources are also an integral part of portable electronics, electric vehicles, and self-driving vehicles that increasingly penetrate our lives.

Will Russia start a lithium mine in the Murmansk region?

As said at the SPIEF Oleg Kazanov, Director of the All-Russian Institute of Mineral Resources (VIMS) under Federal Subsoil Resources Management Agency, Russia may start lithium mining on the basis of the ore deposits in the Murmansk region in 3-4 years and become one of the world’s five largest producers in eight years’ time.

Does Russia have a lithium resource?

“Russia has a lithium resource base, which is 10% of the world’s reserves and explored back in the 60s of the previous century. This is almost 4 million tons in 15 explored deposits. The first two objects in the Murmansk region will gain licensing and active subsoil use by the end of the current year.

Will polar lithium be Russia's first domestic producer of lithium-ion traction batteries?

Igor Demidov, CEO of Polar Lithium, commented: “The development of the deposit will enable us to become Russia’s first-ever domestic producer of lithium-bearing raw materials and eventually build a fully local production of lithium-ion traction batteries.