Russia’s Rosatom and Nornickel plan lithium project, RIA reports

Members are seen on the stand of Russian state nuclear company Rosatom in the course of the Worldwide military-technical discussion board “Military-2021” at Patriot Congress and Exhibition Centre in Moscow Area, Russia August 23, 2021. REUTERS/Maxim Shemetov/File Photograph

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April 25 (Reuters) – Russia’s state-owned nuclear energy provider Rosatom and metals producer Nornickel (GMKN.MM) plan to develop a lithium deposit within the northwestern Murmansk area, RIA information company reported on Monday, citing Rosatom.

World demand for lithium is rising worldwide as a consequence of its use in batteries for electrical autos. Amid that demand, Rosatom’s subsidiary entered a lithium challenge in Argentina in late 2021. learn extra

Nevertheless, the chance of a lithium deficit has turn out to be an even bigger concern for Russia since its essential suppliers – Chile and Argentina – have stopped exports to Russia as a consequence of Western sanctions imposed on Moscow over what Russia phrases a “particular navy operation” in Ukraine.

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Rosatom sees the Kolmozerskoye deposit as probably the most promising lithium deposit in Russia and desires to develop it along with Nornickel, the world’s largest producer of palladium and refined nickel, RIA quoted Kirill Komarov, Rosatom first deputy chief govt, as saying.

“We anticipate that the federal government will resolve this yr to place it up for public sale and we wish to begin engaged on it,” Komarov stated.

Russia has to depend on provides of uncooked materials, lithium carbonate, from Bolivia since different producers have stopped exports to Moscow, Russia’s commerce ministry stated earlier in April.

If Bolivia stops supplying the uncooked supplies, there will probably be nowhere to get them, making it difficult for Russia to provide its lithium-ion battery wants, the commerce ministry added.

Nornickel stated that its cooperation with Rosatom would assist Russia to take a step ahead in creating its personal manufacturing of environment friendly fashionable batteries.

“Nornickel’s merchandise have lengthy performed an essential position within the creation of vitality storage techniques,” the mining firm stated.

“By increasing our vary of metals to incorporate such an essential and sought-after uncooked materials as lithium, we intend to strengthen our place as a key provider to the battery trade.”

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Reporting by Reuters; Modifying by Bernadette Baum and Jane Merriman

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