Chile and Argentina suspended supplies of lithium raw materials to Russia

Lithium ore is not mined in RUSSIA. A spokesman for the Ministry of Industry and Trade said

Argentina and Chile have suspended deliveries of lithium ore to Russia, Deputy DIRECTOR of the Department of Metallurgy and Materials of the Ministry of Industry and Trade Vladislav Demidov said at a round table in the Federation Council, TASS reports.

“There is no production of lithium raw materials in Russia, the raw materials come in the form of lithium carbonate mainly from Chile, Argentina, CHINA and Bolivia. Specifically, under the present conditions, shipments from Chile and Argentina have been suspended, the current opportunity to receive raw materials is only from Bolivia,” he said.

Russia has processing capacities, companies process lithium carbonate to meet both domestic needs and EXPORT supplies. “In terms of lithium, the problem is actually already gigantic, because if there is a refusal to supply raw materials from Bolivia, in the same way, Chile and Argentina will not supply us with raw materials, then, unfortunately, we have nowhere to take lithium raw materials,” the official warned.

Demidov also proposed speeding up the issuance of licenses for the operation of companies capable of mining lithium in Russia.

Lithium, its compounds and alloys are critical for the technological development of many industries - the automotive industry, aircraft manufacturing, metallurgy, microelectronics, chemistry and others. Lithium is most important in the production of high capacity batteries.

The structure of Rosatom decided to invest in lithium mining Business

Since the end of February, Western countries have already introduced several packages of sanctions against Russia. Argentina and Chile did not impose sanctions , but Western restrictions affected Russian financial and transport companies, as well as transportation routes, which led to a break in supplies.

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In late March, the Washington Post reported that the United States was considering imposing secondary sanctions on other countries for "engaging with parts of the Russian economy." According to one of the sources of the publication, the sanctions will be aimed at "making Russia" radioactive "for both non-US and non-European enterprises."

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In early February, Gazprom, the Ministry of Industry and Trade and the Irkutsk Oil Company signed a draft letter of intent to mine lithium at the Kovykta deposit. "As you know, Russiathe entire volume of lithium consumed in the country is imported. That is why it is especially important to develop domestic technological competencies in this area. Gazprom is actively involved in the organization of a full cycle of import-substituting industries for the extraction and processing of lithium. We have already carried out a feasibility study of such a project at the Kovykta field. It has a very great potential,” said the HEAD of Gazprom, Alexei Miller.