RE: Ffs cmon24 Feb 2022 15:08
Russia had plans for a significant increase of lithium both within the country and abroad in years to come, I guess we can that off the table now. ARMZ Uranium Holding Co, the Russian uranium mining company and part of the domestic nuclear monopoly Rosatom planned to start producing lithium compounds in the Murmansk and Irkutsk regions of the country, planning to invest over RUB 50 billion (US$674 million) in these projects. In general, ARMZ intended to produce up to 50,000 tons of lithium compounds per year and to reach industrial production volumes by 2030. Russia sanctions tightening supply further in the long term.