The Ukrainian lithium industry faces challenges due to competition and the cost of mining

After the victory of Donald Trump in the US presidential elections, the Ukrainian authorities are actively discussing the possibility of attracting American investments in lithium deposits. However, experts are skeptical of this idea, pointing to a number of significant problems.

Yehor Perelyhin, CEO of the Ukrainian mining company UMCC Titanium , notes that Ukrainian lithium deposits are currently not ready for development. Among the main problems are the high cost of production due to the mining method of development, as well as the uncompetitive price of electricity.

"The cost of mining in Ukraine is significantly higher than similar indicators in Australia, Argentina, Chile or China," explains Perelyhin. In addition, the construction of mines and mining and processing plants requires hundreds of millions of dollars of investment, and the construction of an electrochemical plant - about a billion dollars.

One of the most promising Ukrainian lithium deposits was considered to be the Shevchenkiv deposit in Donetsk region. However, due to the war, its development became impossible: the front came close, and Russian troops continue to advance. Even under favorable conditions, the production cost would remain extremely high.

Even if internal problems are solved, Ukraine faces tough competition on the world market. According to Perelygin, there is now a surplus of lithium caused by excess production and technological dominance of China.

"Chinese companies are ready to work at a loss in order to displace their competitors. Lithium prices will remain low for the next 2-3 years," the expert predicts.

The Ukrainian thesis "come to us, we have lithium" looks incorrect, claims Perelighin. The deposits are not prepared, and the economic indicators do not allow us to compete with other countries.

The problem also lies in the lack of a clear strategy for the development of the lithium industry. Without significant investments, technological solutions and competitive infrastructure, Ukraine risks being left out of the global "lithium boom".

spot_imgspot_imgspot_imgspot_img

popular

Share this post:

More like this
HERE

Why cannot be drunk with coffee: a list of dangerous combinations

A morning cup of coffee is a habit without which many ...

Living minimum in Ukraine: one jacket for three years

In Ukraine, the official standards of the subsistence minimum remain far from ...

How much water you need to drink daily: a new study refutes a popular myth

The recommendation to drink two liters of water daily knows every day. Its...

Scientists have explored the impact of alcohol on decision -making in men and women

Alcohol can have a different effect on the behavior of men and women, ...

7 foods that help to keep your youth and skin elasticity - without cosmetic interventions

The diet has a significant effect on the skin. Researchers of Edinburgh ...

NAPC found a violation in the declaration of the employee of the Tax Code from Belaya Tserkov

The National Anti -Corruption Agency (NAPC) has found a violation ...

In Zaporozhye, a law enforcement officer who killed a colleague and tried to betray it for suicide will be tried

The State Bureau of Investigation has completed a pre -trial investigation of a law enforcement agencies ...

The Rivne TCC serviceman was injured as a result of conflict with the locals

In the Rivne region there was an incident with the participation of territorial servicemen ...