Tesla – Made in Ukraine. Who will be the first to start mining lithium in Ukraine?

June 06, 2023

Ukraine is considered a potential supplier of lithium, graphite, and other minerals for electric vehicle batteries. However, mining and ore enrichment are expensive prospects.

Merely preparing for the construction of extraction and enrichment facilities will cost $10-30 million.

“If domestic investors can handle these investments, then the construction of the mine and factory can only be done with the involvement of a foreign strategic partner,” explains Denys Aloshyn, Director of Strategic Development at UkrLithiumMining LLC. Several hundred million dollars will be needed for this.

Who can invest such money in this business is discussed in detail in the long-read by NV Business.


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