Ukraine's Lithium Reserves: A Potential Spoil of Russia-Ukraine War with Immense Value

Ukraine's Lithium Reserves: A Potential Spoil of Russia-Ukraine War with Immense Value
Ukraine has significant deposits of natural resources that could make Russia's war financially pay off. In addition to lithium, there are significant oil, gas, metal ores, rare earth and precious metals buried beneath the soil. Potentially worth more than $20 trillion, lithium is a key material for the future of electric cars and many smart technologies. Ukraine's deposits are located in the Kyoforad and Donetsk regions. Kyoforad is still under Ukrainian control, while much of Donetsk. Occupied by Russia. Before the war, the European Union had its eye on Ukraine's deposits, especially of lithium. It currently imports almost all of the mineral from China. In 2021, the EU and Ukraine agreed to a strategic partnership for raw materials. There is enormous potential because critical raw material, essential for decarbonising of our economies, can be found in abundance in Ukraine. According to the US, the war in Ukraine has cost Russia well over a trillion dollars in economic losses. As well as hundreds of billions in expenses on the war itself. But the trillions hiding under Ukraine's fields and factories would far outweigh that in a war that's had such a massive human cost. Subscribe to 1I channel and never miss an update.
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