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Mining Day was held on September 22, 2023 - a special industry event that brought together key subsoil users, industry experts, representatives of state bodies and international partners from the EU Delegation to Ukraine.

Over the last 10-15 years, the global utilization structure of lithium has undergone radical changes. While in the past it was primarily consumed by manufacturers of glass, ceramics, and glass ceramics, today the main driving force is electric car manufacturers. Will the demand growth from car manufacturers persist, and can we expect other changes in the global market?

By 2050, the European Union aims to achieve climate neutrality, and by 2030, it plans to reduce emissions of harmful substances by 55% compared to 1990 levels. This has led to increasingly stringent environmental requirements for manufacturers and suppliers.

Over the last 5 years, the majority of car manufacturers have begun transitioning to lithium iron phosphate batteries, including Elon Musk's Tesla.

Denys Aloshyn, the Chief Strategy Officer at "UkrLithiumMining," discusses government programs through which the US and the European Commission aim to catch up with the Chinese automotive industry.

Chief Strategy Officer at 'UkrLithiumMining,' Denys Aloshyn, explained in a column for 'Interfax-Ukraine' who and how shapes the demand in the global lithium market and what Tesla Model S has to do with it.