Germany Chancellor plans lithium deal with Serbia after Rio ruling
Olaf Scholz plans to visit Serbia this week to secure supplies of lithium that are critical for the nation’s energy transition and auto industry.
RareMetalBlog reports the Russian government has begun creating the conditions needed for an active resumption of rare earth production- the rationale being increased domestic demand for high-tech industry and the spectre of more export restrictions by China.
According to the blog posting, Russia’s share of the rare earth market is expected to increase by 10-15% over the next 8 years by developing a number of rare earth deposits. Says Russian rare earth analyst Arkady Naumov:
“At present Russia has 14 fields of rare earth metals, of which 60% are located on the Kola Peninsula, 14% in the Murmansk region, and 22% – on the territory of Yakutia. Large stocks are also located in the Krasnoyarsk’s Chuktukonsky field.”
Russia imports about 90% of its REEs, mostly from China, the dominant producer at around 95% marketshare. Currently the only Russian rare earth supplier is the Solikamsk plant.
Continue reading at RareMetalBlog
