Thursday, January 16, 2025

With Advance in Ukraine’s Donetsk Oblast, Moscow has Gained Control of Lithium Deposit Larger than All Such Reserves in US

Paul Goble
    Staunton, Jan. 14 – With its military advance in Ukraine’s Donetsk Oblast, the Russian Federation has increased its reserves of lithium, sometimes referred to as “the new oil,” by more than 14 times and now has more lithium under its control than does the United States, Elena Rychkova of the Nakanune news agency reports.
    Prior to this advance, Moscow controlled only about one million tons of lithium reserves, mostly around Murmansk, but having seized the land around Shevchenko in Donetsk Oblast, it has an estimated 14.8 million tons, about two million tons that the known reserves in the US (nakanune.ru/articles/123027/).
    Russian experts say that Moscow will not begin exploiting this for a year or two and will need to expand its control around Shevchenko in order to ensure that it fully controls the deposit.  Given the importance of lithium in electronics and China’s relatively small reserves, Beijing is likely to want to be involved as well.

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