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Thursday, October 5, 2023

Russia starts lithium mining after 25 years

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Norilsk Nickel and Rosatom began joint development of a large-scale lithium deposit.

Lithium is an important metal in battery, aerospace and vehicle manufacturing. Now Russia is in third place in the world in terms of lithium reserves, and in the Soviet years it was second only to the United States.

In 1997, the Zabaikalsky GOK was suspended, although only 40% of the deposit was developed. Since then, the Krasnoyarsk Chemical and Metallurgical Plant and the Novosibirsk Chemical Concentrate Plant “Halmekom” have been buying metals from China and Latin America, and Bolivia, Argentina and Chile have become the country’s main exporters.

According to the joint project of Rosatom and Norilsk Nickel, they will deal with the extraction of raw materials, their processing and the production of lithium-ion electric vehicles and batteries at the Kolmozerskoye field in the Murmansk region.

With electric vehicle production up 75% in the last two years, lithium is in high demand and its price has skyrocketed. According to analysts’ forecasts, the relevance of raw materials will remain for a long time.

Industrial Expert Leonid Hazanov He added that the development of the Kolmozerskoye field will provide domestic demand, improve exports and save the country’s financial resources.

The geological survey is planned to be completed in the next few years to reach design capacity by 2030. The Ministry of Industry and Trade stated that the production volumes will be 45,000 tons of lithium hydroxide and carbonate per year.

Source: Riafan

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