Will Ukraine help the European Union win the lithium race?
June 02, 2023
It is expected that in the near future, the EU will consume a quarter of the world’s lithium while being able to produce only 4% of the raw material. Recycling lithium from old batteries will cover only 15% of the demand in the long term.
Relying on imports from China is not an option for two reasons. Firstly, Chinese industry itself is critically dependent on the raw material. Secondly, there are political concerns. The European Union is trying to eliminate its dependence on raw materials to avoid a situation similar to what happened with Russian gas and oil. Therefore, the EU is in need of reliable partners.
“Ukraine is among the countries with promising reserves, so it can be of interest to European consumers,” believes Denys Aloshyn, Director of Strategic Development at UkrLithiumMining LLC.
Why is that so? You can find more details in Denys Aloshyn’s column on the website Ekonomichna Pravda.
Here is the link to the article: https://www.epravda.com.ua/columns/2023/05/25/700453/