Radical Changes in the Global Automotive Market – How Ukraine Can Assist Europe

June 20, 2023

In the EU, which is the second-largest market for electric vehicles, there has been a declared gradual reduction of reliance on Chinese lithium raw materials and semi-finished products. However, this strategy has a weak link – the European Union’s demand already significantly exceeds the capacities of European mining companies engaged in lithium, which is the primary raw material for lithium-ion batteries. This deficit may increase multiple-fold. Therefore, it is worth mentioning Ukraine, which possesses large deposits of lithium-containing ores and is effectively part of Europe with the prospect of EU membership.

“An investor who chooses Ukraine will not only gain high-quality raw materials and a profitable project but also convenient logistics and a reduction in dependence on Chinese raw materials,” asserts Denys Aloshyn, Director of Strategic Development at UkrLithiumMining LLC: https://en.interfax.com.ua/news/blog/917676.html

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