• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 12 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 8 days Solving The Space Problem For America’s Solar Industry
  • 12 hours Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 1 day Investment in renewables tanking
  • 2 days If hydrogen is the answer, you're asking the wrong question
  • 9 hours How Far Have We Really Gotten With Alternative Energy
  • 2 days "Mexico Plans to Become an Export Hub With US-Drilled Natural Gas" - Bloomberg - (See image)
Solar Is Cheapest Energy Source Says IEA

Solar Is Cheapest Energy Source Says IEA

According to the International Energy…

OPEC+ Discussing 1 Million Bpd Output Cut

OPEC+ Discussing 1 Million Bpd Output Cut

Oil prices were trading up…

MINING.com

MINING.com

MINING.com is a web-based global mining publication focusing on news and commentary about mining and mineral exploration. The site is a one-stop-shop for mining industry…

More Info

Russian Nuclear Giant Rosatom Eyes 10% Of Lithium Market By 2030

Uranium One, a unit of Russia’s state-owned nuclear energy firm Rosatom, plans to begin producing lithium by 2023, targeting between 9% and 10% of the global market by 2030.

“We are considering the acquisition of raw material assets overseas to integrate into global supply chains for final products such as batteries with localized production in Russia,” Sergey Polgorodnik, general director of Joint Stock Co. TENEX, told a weekly in-house news publication.

Uranium One has been actively looking for lithium assets in the past year. In October, it inked a memorandum of understanding with Canada’s Wealth Minerals about acquiring up to a 51% interest in the company’s Atacama lithium project in northern Chile.

The asset covers a 46,200-hectare license in one of the world’s highest grade and largest sources of the white metal, which has become an irreplaceable component of rechargeable batteries used in high tech devices and electric vehicles (EVs).

Chile’s Atacama salt flat, home to leading lithium producers Albemarle and SQM, accounts for around one-third the world’s supply of the battery metal.

In December 2019, Uranium One began talks with Australia’s Prospect Resources (ASX:PSC) to buy a stake of the company’s Arcadia lithium mine in Zimbabwe.

Zimbabwe has been pushing lithium as a major draw for investors as it looks to supply 10% of the world’s needs by 2022. The country is currently the fifth-largest global producer of the white metal.

By Mining.com

ADVERTISEMENT

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment
  • Maxander on September 18 2020 said:
    Lithium will be obsolete in next 5 years after successfully launching Hydrogen fuel cell batteries.

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News