Article

Ukraine possesses significant lithium reserves, with estimates suggesting over 500,000 tons of lithium oxide, making it a vital negotiation asset. However, President Putin's targeted assaults have led to Russian control over two of the four major lithium deposits. Furthermore, the extraction of lithium in Ukraine is costly, reportedly more expensive than in South America due to the geological characteristics of the deposits, according to Dmitro Kaschtschuk from Ukraine's Geological Investment Group.