Does Russia import lithium?

It should be noted, though, that some of the imports are then exported in the form of other compounds. Russia’s internal demand for lithium is 400 to 700 metric tons. Lithium is used in the nuclear power industry, in energy storage systems, and in the production of slag-forming mixtures for ladles and lubricants for mining operations.

How much lithium does Russia need?

The Russian Government estimates the country’s needs at about 3,000 tons — this is how much of various metal compounds was imported in 2021. It should be noted, though, that some of the imports are then exported in the form of other compounds. Russia’s internal demand for lithium is 400 to 700 metric tons.

Will Russia have a lithium mining project?

Thus, within a few years, Russia may have a large mining project that will fully — and even abundantly — meet its current domestic demand for lithium. According to Rockwood Lithium, one of the world’s key lithium producers, a 25 kWh car battery needs 44 pounds (almost 20 kg) of lithium carbonate.

Why is lithium a problem in Russia?

Lithium is not mined in Russia, so self-sufficiency in this metal is a problem, dealing with which is high on the agenda. High demand for lithium is a global trend driven by the rapid development of electric vehicles, primarily in China. Supply cannot yet catch up with demand.

How big is the lithium-ion battery market in 2020?

The volume of the lithium-ion battery market in monetary terms in 2020 is more than $46 billion. If we take the numbers for all customs codes (Tables 2 and 3) and sum them up, it turns out that the share of Russia in the world is approximately 0.52%. We will do further analysis only at the end of 2021.

How many companies are engaged in lithium batteries among purely component distributors?

In general, not so many companies are engaged in lithium batteries among purely component distributors. It is due to the peculiarities of this cargo. Data on them are presented in summary table 7. Table 7. Import of brokers in 2021 working in the component market (in USD).