Russia Aims to End Reliance on Imported Scarce Metals, Accelerates Lithium Mining Development by 2030

Published: May 3, 2024 12:15
[Russia plans to break its reliance on imported scarce metals and accelerate the development of lithium mining projects] According to TASS, Russia is expected to eliminate its dependence on imports of 12 types of scarce metals, including lithium and rare earth metals, by 2030. The director of the Federal Agency for Subsoil Use said, "Other minerals include niobium, tantalum, zirconium, and manganese. Due to a series of measures taken, we expect to eliminate the dependence on imports of 12 types of scarce raw materials by 2030. Part of the production will be exported." So far, Russia has not mined lithium, which is used in the nuclear power industry, energy storage systems, and electric vehicle batteries. However, according to a statement from Rosatom, a Russian state-owned nuclear energy company, several mineral deposits have begun to accelerate the development of lithium mining projects. The company estimates that Russia's domestic demand for lithium is about 400 to 700 tons per year. (Jinshi Data)

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