According to forecasts, the global market could face a lithium shortage of approximately 1.3 million tons and a rare-earth metals deficit of 66,000 tons by 2040. Lithium is critical for manufacturing batteries for electric vehicles and renewable energy systems. In a report by Alexey Chekunkov, head of the Ministry for the Development of Russian Far East, Russia’s domestic production development could offset up to 7% of the global lithium deficit (around 91,000 tons). Additionally, the country ...

JSC "Arkmineral – Resource" in the Murmansk Region is developing the Afrikanda rare-earth metals deposit, has begun designing a processing plant. Construction of the complex, capable of processing approximately one million tons of ore annually, is set to begin in 2026–2027, according to a TASS report citing the company’s General Director Andrey Trenin. He emphasized that key technical solutions for the plant are already finalized. This year, the company plans to register the reserves on the ...

JSC "Arkmineral – Resource" in the Murmansk Region is developing the Afrikanda rare-earth metals deposit, has begun designing a processing plant. Construction of the complex, capable of processing approximately one million tons of ore annually, is set to begin in 2026–2027, according to a TASS report citing the company’s General Director Andrey Trenin. He emphasized that key technical solutions for the plant are already finalized. This year, the company plans to register the reserves on the ...

The authorities of the Donetsk People’s Republic (DNR), together with Russia’s Federal Agency for Mineral Resources (Rosnedra), are developing a mechanism to transfer the Shevchenkivske lithium deposit in the DNR—liberated by Russian forces—for development, DNR head Denis Pushilin told TASS. "The Shevchenkivske lithium deposit, whose territory was liberated by Russian units, is still too close to the frontline to begin work. <...> Together with Rosnedra, we are working out a mechanism to transfer ...