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    Russian Economy General News: #13

    Hole
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    Post  Hole Mon Sep 11, 2023 3:43 pm

    Kiko wrote:Ruble’s Share in Russia’s Exports Tops 50 Percent as Dedollarization Gains Momentum, by Ilya Tsukanov for Sputnikglobe.com. 09.11.2023.
    with observers emphasizing that that the global dedollarization process is a “big challenge,” and something that won’t be “quick or easy,”
    Must be "observers" from the western bloc. The first few % are the hardest part, after that the process accelerates.
    That happened before with other "world" currencies.

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    Post  caveat emptor Mon Sep 11, 2023 11:36 pm

    Even stricter capital controls next?

    https://t.me/rian_ru/214788

    Factors are now in favor of strengthening the ruble, including the authorities are working on measures to limit capital outflow, Oreshkin said
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    Post  PhSt Tue Sep 12, 2023 12:07 am


    NATO Propaganda outfits are boasting that Russia has billions of rupee holdings in India that it cannot use. During the recent G20 summit, India proposed to Russia to have the rupees invested in India instead. I don't feel comfortable with this offer, Russia should find a way to bring this money back to the country.

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    Post  kvs Tue Sep 12, 2023 12:23 am

    The amount of rupees is reasonable in scale and Russia can find enough Indian products to expend it on. I know that there are all sorts of
    claims that India has little to export to Russia, but even sourcing some types of fruit could consume the billions of rupees.

    Canada imports nearly 7 billion dollars of fruit every year. Russia is a bigger northern market than Canada by at least 4.5 times.

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    Post  GarryB Tue Sep 12, 2023 5:12 am

    They could get the indians to build floating docks for them and other commercial type boats, or super cheap drones could be produced in enormous numbers using local components and parts... the products shipped to Russia but made in Indian by Indians using Indian labour and skills... paid for in the local currency.

    They could give propaganda a go and set up call centres in India and pay the locals to promote Russia and discredit the west in India and internationally... do it in a way to help the poor get out of debt and improve their quality of life... build a university in India... lots of thing they could do with the money that would bring value to Russia and Russians but also to Indians too.

    Perhaps set up a bank in India that gives low cost loans to help people set up businesses and grow into bigger businesses... would need to ensure no corruption is accepted and that it is genuinely to help the poor to help themselves get out of poverty...

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    Post  flamming_python Tue Sep 12, 2023 6:56 am

    Russian Economy General News: #13 - Page 15 346893568856956

    Payment for exports from Russia by percentage of total Jan 2021 - May 2023:

    Green - in roubles
    Light green - in currencies of friendly countries
    Red - in currencies of unfriendly countries

    Russian Economy General News: #13 - Page 15 346893568735475

    Payment for imports into Russia by percentage of total Jan 2021 - May 2023:

    Green - in roubles
    Light green - in currencies of friendly countries
    Red - in currencies of unfriendly countries

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    Post  flamming_python Tue Sep 12, 2023 7:06 am

    News from 2 weeks ago

    https://www.vesti.ru/finance/article/3522280
    28 August 2023 16:42
    The first cargo from the Russian Federation to Saudi Arabia passed through Iran

    The first transit train of 36 containers from Russia to Saudi Arabia passed along the transport corridor through Iran, the Iranian Tasnim agency reported.

    Next, the train proceeded to the Iranian port of Bandar - Abbas, and then went to the final destination of the cargo - Jeddah.

    In May 2023, Russia and Iran entered into an agreement on the construction of a railway between Rasht and Astara. This was the only unfinished railway part of the North-South corridor. Cargo and containers from Moscow and St. Petersburg can be transported directly to the port of Bandar Abbas in southern Iran on the Persian Gulf. In the opposite direction, goods from India, Iran and Arab countries will be imported into Russia at a lower price and in larger volumes. According to Deputy Prime Minister Marat Khusnullin, cargo traffic in this direction should double by 2025 - to at least 30 million tons, and by 2030 - to 35 million tons.

    An intergovernmental agreement on the creation of a North-South multimodal transport corridor was signed by Russia, India and Iran in 2000. Compared to the sea route through the Suez Canal, the distance and time of cargo delivery is reduced by more than half.

    The total length of the North-South transport corridor from St. Petersburg through Iran and to Indian Mumbai is about 7 thousand kilometers. The first test Russian train with 39 containers for India previously successfully arrived in Iran along the eastern coast of the Caspian Sea.

    Fantastic news for Russian-Saudi trade. But not only Russian-Saudi trade. This trade route means that more goods will be going between Russia and Iran and that will lower the costs for trade between these two countries too.

    But not just that either. For as we know not only Saudi Arabia is entering the BRICS, but Ethiopia too. And Ethiopia is just a stone's throw across the straight from Saudi Arabia, via the ports of Eritrea and Djibouti. I'm pretty sure that efforts will be undertaken now to expand trade between Saudi Arabia and Ethiopia given their ascension into the BRICS, and through that same route Russian-Ethiopian and Russian-African trade as a whole can expand too. I'm sure I have heard of such a plan already. At the moment, Russia has an established trade route only with Egypt in Africa, and this is a serious impediment. When goods however can start making their way in large volumes in a belt between Russia and Ethiopia, Kenya, Sudan; with Iran, Saudi Arabia in between; then that could amount to a new major world trade route given time.

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    Post  ALAMO Tue Sep 12, 2023 7:10 am

    GarryB wrote:They could get the indians to build floating docks for them and other commercial type boats, or super cheap drones could be produced in enormous numbers using local components and parts... the products shipped to Russia but made in Indian by Indians using Indian labour and skills... paid for in the local currency.

    They could give propaganda a go and set up call centres in India and pay the locals to promote Russia and discredit the west in India and internationally... do it in a way to help the poor get out of debt and improve their quality of life... build a university in India... lots of thing they could do with the money that would bring value to Russia and Russians but also to Indians too.

    Perhaps set up a bank in India that gives low cost loans to help people set up businesses and grow into bigger businesses... would need to ensure no corruption is accepted and that it is genuinely to help the poor to help themselves get out of poverty...

    There are tons of things that can be purchased and imported for any local currency.
    It is only a matter of will and perspective.
    I have just realized, that Moscow is located more or less at the same distance from the Adriatic coast as it is from Iranian Caspian.
    The Syrian Aegean coast is the same distance as Greece.
    It is only a matter of creating fashion, pushing tens of billions $ of Russian tourists sending abroad each year, and flooding a friendly countries with it.

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    Post  caveat emptor Fri Sep 15, 2023 2:29 pm

    Interest rate bumped for another percent to 13%. Interesting thing is that, recently Gref commented that ideal USD/RUB exchange rate, at this point of time, would be around 85. Considering his position, statement carries some weight.

    https://tass.ru/ekonomika/18759601

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    Post  GarryB Sat Sep 16, 2023 1:52 am

    It is only a matter of creating fashion, pushing tens of billions $ of Russian tourists sending abroad each year, and flooding a friendly countries with it.

    An advantage of these places for tourism is that there is no risk you will get your car seized and cellphone and tablet taken from you.

    Russians have to realise that the west hates them and blames them for everything, a bit like the nazis blaming the jews for everything... a couple of money hungry Jewish people are probably bad just like a few money hungry Americans and Brits and Germans etc are bad but the majority are just sheep doing what they think is right based on the BS they are being fed.

    There is a whole world out there to explore...

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    Post  Big_Gazza Sun Sep 17, 2023 12:50 am

    Russia delivers first LNG to China via Arctic

    The Northern Sea Route shortens transportation times to Asia’s biggest economy by 30%

    Russian energy major Gazprom delivered its first cargo of liquefied natural gas (LNG) via the Northern Sea Route (NSR) to China on Thursday, Reuters reported, citing the LSEG financial information company, as Moscow wants to expand using the Arctic corridor in the face of Western sanctions.

    The Velikiy Novgorod tanker, loaded with LNG from the Portovaya LNG plant in the Baltic Sea, set sail to China on August 14, according to data. It has now arrived at the terminal of Tangshan Caofeidian in the Hebei province.

    Russia wants the NSR – which runs through the Arctic Ocean off the country’s northern coastline and is the shortest shipping route between East Asia and Europe – to become a major shipping lane, and is investing heavily in its infrastructure.

    The NSR, which Moscow has touted as an alternative to the Suez Canal, is already a full-fledged international artery and can be considered a global transportation corridor, according to Aleksey Chekunkov, the country’s minister for the development of the Far East and the Arctic.

    Speaking to RT at the Eastern Economic Forum in Vladivostok on Wednesday, he said that a large part of the global economy depended on the NSR.

    “All the countries that receive our liquefied natural gas, including those that are currently deemed ‘unfriendly’ … The intensity of shipping will increase many times in the next seven years,” the minister stated.

    Although the route through the Arctic waters is challenging, using it could shorten the voyage by as much as two weeks, or by about 30%, compared to the southern route through the Mediterranean and the Suez Canal.

    https://www.rt.com/business/582974-russia-arctic-lng-first-shipment-china/

    Excellent news!  russia

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    Post  ALAMO Sun Sep 17, 2023 7:20 am

    GarryB wrote:
    An advantage of these places for tourism is that there is no risk you will get your car seized and cellphone and tablet taken from you.
    Russians have to realise that the west hates them and blames them for everything, a bit like the nazis blaming the jews for everything... a couple of money hungry Jewish people are probably bad just like a few money hungry Americans and Brits and Germans etc are bad but the majority are just sheep doing what they think is right based on the BS they are being fed.

    There is a whole world out there to explore...

    Yeah, that was my second thought.
    This is pure madness representing both the mental condition of Euro bureaucracy and their potential.

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    Post  PhSt Sun Sep 17, 2023 9:38 pm

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    Post  Big_Gazza Sun Sep 17, 2023 11:16 pm

    GarryB wrote:a couple of money hungry Jewish people are probably bad just like a few money hungry Americans and Brits and Germans etc are bad but the majority are just sheep doing what they think is right based on the BS they are being fed.

    There is a whole world out there to explore...

    At the risk of going  Off Topic  there is a LOT of indications that jews are not simply people like everyone else, ie its just the few greedy ones and racial discrimination by non-jews that gives them a bad name. They do very much appear to be organised and ruthless in their drive to control society and neutralise any who oppose their dominance.  Look at their over-representation in banking, entertainment, media for instance.  Look at their poltical attack-dog organisations like ADL and AIPAC.  Look at the dominance of jews within the ranks of the neocons. Look at the influence of jewish money in the US electroal process. Other ethnicities just don't do these things.

    For instance:

    Russian Economy General News: #13 - Page 15 Jewish12

    It isn't "anti-semitism" to recognise how corrosive this sort of organised tribalistic power is to any functioning democracy.  The good of nation and people is of no concern to these people, unless it first and foremost benefits them and helps them achieve their goals.  I don't think it is coincidence that the rise of jewish (covert-ish) power is happening as American global power and (real) wealth is declining.  There are literally driving the nation off the cliff in their one-minded pursuit of self-interest and their tribalistic animosities (ie the neocon lust to destroy Russia and her people).

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    Post  kvs Mon Sep 18, 2023 12:23 am

    Humans are an auto-parasitic species. We have psychopath parasites in every ethnic group and tribes have been engaged in a dog-eat-dog
    interaction since the dawn of time. We have exploitation of the proles by the elites in every society. Nature has a thing for parasitism.

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    Post  ALAMO Mon Sep 18, 2023 6:19 am

    There was quite an interesting opinion erased at yesterday's Soloviov show concerning the Kim visit.
    Labor.
    As I told you a while ago, North Korea is an exporter of human resources.
    Business is well organized at the governmental level, with a brigade of workers coming into a dedicated workspace with their own supervision and accommodation.
    Case is so common, that it was nothing unusual to spot North Koreans in EU member states, working in construction or shipbuilding. There were NK brigades hired for sandblasting of the tanks even in my shipyard. Shitty job to be honest.
    They have lived in a worker's hostel 300m away from my apartment.

    Russian economy lacks qualified labor, unemployment is non-existent. Human resources import was much higher than in Germany years and years ago when I studied that. Russian economy now is double the numbers, so I can easily believe in 10+ mln foreign workers number.

    For a while now, the reservoir was located in ex Soviet member republics, ending up with a huge diaspora of migrants inside Russia. The problem started to be serious, as those began to organize themselves in diasporas, which requires intensive intelligence recon as can be a natural hub for extremism and terrorism.

    But the issue is nonexistent with North Koreans. They will arrive, do their job, and leave. The next group will replace them with the usual time-scheduled rotation. They provide their own security structures, and each group is assisted by security assistance that takes care of them. In every manner.
    North Koreans are a skilled workforce, well educated, ready to work, and last but not least - inexpensive due to purchasing power parity.
    It is a win-win situation that can be further expanded with some production moved to NK. If they used to be good enough for Siemens, I guess Russkie companies can find a niche either.

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    Post  Arrow Mon Sep 18, 2023 7:43 am

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    Post  PhSt Mon Sep 18, 2023 8:23 am

    For a while now, the reservoir was located in ex Soviet member republics, ending up with a huge diaspora of migrants inside Russia. The problem started to be serious, as those began to organize themselves in diasporas, which requires intensive intelligence recon as can be a natural hub for extremism and terrorism.

    The state should put a policy and make it a law to herd these groups into labor camps like in Xinjiang and be indoctrinated with the aim of Russification and Russian Orthodox Christianization.
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    Post  GarryB Mon Sep 18, 2023 9:55 am

    There are a lot of links there but are they conclusive?

    I mean the nazis went through all the Soviets in the communist revolution and picked out all the people with jewish names and claimed it was a jewish revolution and I don't think that works either with the commies being largely athiest.

    If you went through those organisations listed and showed all the people who are American or white and rich then a lot of family names are going to come up quite regularly too.

    I don't think jewish people are organised and work together for the so called greater jewish good... otherwise Israel would be a much safer and more prosperous place than it actually is.

    @Alamo, have to say North Koreans would make good sense... if they are having problems feeding their population Russia can supply food and work... and why send them home... I am sure there might be a few that want to stay.
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    Post  ALAMO Mon Sep 18, 2023 10:02 am

    Russkie don't need them to stay.
    Neither the Korean authorities Laughing
    That is the point - both sides care the same.
    Do jour job, and begone. Pure business.

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    Post  GarryB Mon Sep 18, 2023 12:07 pm

    That would be fine too... but any NK who want to leave could be encouraged to go to Russia instead of the west or South Korea.

    BTW regarding the international jewish conspiracy theories...



    Rich people have the same interests...

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    Post  Kiko Tue Sep 19, 2023 8:37 am

    The Federal Customs Service called food export one of the most profitable budget items, by Elena Manukiyan for Rossiyskaya Gazeta. 09.19.2023.

    Food export is one of the most profitable budget items after oil and gas. This was stated by the acting head of the Federal Customs Service, Ruslan Davydov, in an interview with RIA Novosti.

    According to him, agricultural exports are growing. Russia mainly sends grains abroad, the volumes sold this year have already exceeded last year. Oilseeds, butter, vegetable oil, and sunflower are also exported.

    This product is most in demand in China, Egypt, Kazakhstan, and the Middle East. “These countries are already our traditional markets,” Davydov concluded.

    It is noted that the growth in exports of agricultural products amounted to “about 70 percent in weight terms,” and less in value terms due to “price conditions.”

    https://rg.ru/2023/09/19/v-fts-nazvali-eksport-prodovolstviia-odnoj-iz-samyh-dohodnyh-statej-biudzheta.html

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    Post  Kiko Fri Sep 22, 2023 6:23 pm

    Where to find the “lithium blood” of the economy of the future, by Dmitry Skvortsov for VZGLYAD. 09.22.2023.

    Projects have begun to mine a metal that is strategically important for Russia.

    Several lithium mining projects are beginning to be implemented in Russia. In the coming years, this should make our country one of the world leaders in the extraction and production of this metal, which has suddenly acquired strategic importance. This was the response of Russian industry to the difficulties created by the cessation of lithium supplies from abroad.

    Lithium has traditionally been used to make glass and ceramics, improve alloys, lens coatings in optics, lubricants, textiles, food processing, and pharmaceuticals. In the Soviet Union, several lithium deposits were described in detail in the late 1940s, from the Kola Peninsula to Baikal and Altai, but production was organized only at the Zavitinskoye deposit in the Krasnoyarsk Territory. In 1997, the mine was mothballed (at that time it seemed cheaper to buy lithium abroad than to maintain production at the old Soviet mine, which needed reconstruction).

    However, today lithium has acquired a completely different, revolutionary meaning. In particular, a couple of decades ago there was no such need for lithium for batteries in smartphones, laptops, drones and electric vehicles. Moreover, after several power crises in Europe, it became clear that the development of renewable electricity is impossible without the construction of giant battery stations. The UK has already built several battery stations to store significant amounts of energy and is building even more powerful ones. Similar projects are being implemented in Australia.

    In general, from 2010 to 2021, lithium consumption in the world increased almost fourfold (from 23.5 thousand tons to 93 thousand tons). And a key area of ​​lithium use has shown truly explosive growth: the production of lithium batteries. In 2010, 5,405 tons of lithium were used for these purposes, and in 2021 - 68,820 tons (an increase of 12.7 times).

    The age of lithium lies ahead

    If you compare lithium to oil or coal, you can say that it is not a fuel. That is, its use does not seem to provide humanity with significant advantages associated with new energy sources. But this is an apparent difference. In fact, the use of lithium allows you to use electrical energy more freely. Today, batteries are bringing electric buses to our cities, replacing trams and trolleybuses tied to wires. The use of electricity in transport will expand.

    Supplying electricity through wires is easier than pumping oil through pipelines and transporting gasoline by fuel trucks. In addition, in the vast expanses of our country, there are many remote corners where people need to get to for some time to do important work, but where it is not very practical to lay a power line.

    In the North, generators and barrels of diesel fuel/gasoline save the situation. But a windmill/solar panel and batteries of sufficient capacity can successfully replace them.

    It is impossible to imagine life today without gadgets that contain processors. And with the advent of the Internet of Things, the use of processors will increase exponentially. And in many cases, these processors will be powered not only from the mains, but also from lithium batteries.

    Where can I get lithium?

    Shortages of lithium raw materials first surfaced in 2020, but were then blamed on supply chain disruptions. Then the exchange price for lithium carbonate increased from $5,900 per ton in November 2020 to $13,850 in mid-April 2021. The growth in demand for electric vehicles led to the next explosive wave of lithium urea prices up to 78 thousand dollars per ton. In 2022, prices rose to $84,000. Rising prices spurred investment in the extraction of proven deposits and the search for new ones.

    Total lithium production in the world in 2021 was about 100 thousand tons. The largest producing countries: Australia (55 thousand tons), Chile (26 thousand tons), China (14 thousand tons) and Argentina (6200 tons). At the same time, the distribution of leading countries in terms of lithium reserves looks different. The first three places belong to Bolivia (21 million tons), Argentina (19.3 million tons) and the USA (12 million tons). The top ten holders of the largest lithium reserves also include Chile, Australia, China, Congo, Canada, Germany and Mexico.

    All this data is as of the end of 2021. Russia was not in the top ten at that time, since it had not yet mined lithium. Nevertheless, according to Russian data, 17 lithium deposits have been explored in the country. Balance reserves amount to 3.5 million tons, or 7.2% of world reserves. Another about 1 million tons are off-balance reserves, including rock dumps created during the extraction of other minerals.

    But Russia is not the only country planning to oust its leaders. At the beginning of March 2023, information appeared about the discovery of a large lithium deposit in Iran. According to Iran's Ministry of Industry, Mines and Trade (MIMT), its reserves reach about 8.5 million tons of minable lithium, making it the second largest on the planet. In mid-February 2023, Indian authorities announced the discovery of the world's largest lithium deposit with reserves of 5.9 million tons in the states of Jammu and Kashmir.

    Six months before the start of the SVO, Ukraine signed an agreement on a strategic raw materials partnership with the EU. Among other things, it provided for the development of four lithium deposits. The European Lithium company (owned by Australian capital) was going to develop lithium. Now these plans are in question, because one of the fields - in Krutaya Balka near Zaporozhye - is already under Russian control; another one is located several kilometers from the front line in the part of the Donetsk region under the control of the Ukrainian Armed Forces. And the two remaining deposits require serious investments in mine production, which no one will undertake until the end of hostilities.

    Finally, according to information from the United States, a new lithium deposit has been discovered in the crater of a volcano on the border of Nevada and Oregon, the reserves of which, according to preliminary estimates, reach 20–40 million tons. The discovery, however, awaits final confirmation.

    Russian lithium mining projects

    Until now, Russia has covered its lithium needs through imports. However, Western sanctions have put a significant portion of these supplies at risk. In particular, lithium supplies to Russia from Chile and Argentina were stopped. According to the government strategy for the development of the metallurgical industry, in the future, Russia's needs for lithium raw materials should be met by expanding the production of this metal within the country.

    Lithium will be mined at the Kolmozerskoye deposit in the Murmansk region with reserves of 75 million tons (about 19% of all Russian reserves; development will be carried out by Polar Lithium, a joint venture between Rosatom and Norilsk Nickel). Lithium production at the Polmostundrovskoye deposit (also in the Murmansk region) will be carried out by the Halmek company and the Chemical-Metallurgical Plant (an enterprise located in Krasnoyarsk that produces metals for the nuclear industry and is the main producer of lithium hydroxide in Russia, so far from imported raw materials).

    The reactivated Zavitinskoye field in the Trans-Baikal Territory will be developed by Rosatom. In the Irkutsk region, lithium compounds will be extracted from the mineralized groundwater of the Kovyktinskoye gas condensate field (a subsidiary of Gazprom) and the Yaraktinskoye gas condensate field (Irkutsk Oil Company). There are talks about developing lithium deposits in Dagestan.

    Rosatom's Uranium One (U1) project for the production of lithium carbonate from lithium-containing solutions from the Pastos Grandes salt marsh in Bolivia with a capacity of 25 thousand tons per year may turn out to be the most profitable Russian project. This is important, since Rosatom is building a gigafactory for the production of batteries for electric vehicles on the territory of the Baltic NPP in the Kaliningrad region. For its operation, at the first stage, 3.2 thousand tons of lithium will be required annually, and subsequently - about 10 thousand tons per year.

    The cost of the battery is a significant part of the cost of an electric vehicle, and making it cheaper is important for the competitiveness of electric vehicles. But today there are significant risks when transporting raw materials through the seaports of Chile and Argentina (Bolivia is landlocked), and therefore it is important to provide Russia with domestic sources of strategic raw materials.

    Technology competition and lithium OPEC

    The number of domestic lithium mining projects shows that this is not just an attempt to quickly close the gap in the import of important raw materials (which, by the way, still comes to us from China). Lithium is becoming the lifeblood of tomorrow's economy.

    Russia is a country with excess electricity generation. Negotiations are currently underway on the construction of export power lines to Kazakhstan and Iran. Next up is the electrification of Afghanistan, in which Russia can play a leading role. Under these conditions, it is natural to think about expanding the use of autonomous electric machines and devices that require batteries.

    The question is not only about our comfort. The growing share of electric vehicles and the emergence of electric planes and electric ships will change transport around the world. And if today Russia’s international influence is partly based on its role in OPEC+ as one of the leading oil exporters, then in the future we can think about a comparable role in the economy of tomorrow - the economy “with lithium blood”.

    The lithium market on the eve of a major redistribution

    Information about the start of development of a number of previously unused deposits and the discovery of new deposits today brought down lithium prices on world exchanges to 26 thousand dollars per ton.

    Taking into account the fact that the cost of lithium for its main producers is in the range of 5–15 thousand dollars per ton (and in South American deposits – 2.5–5 thousand dollars per ton), the profitability of production will remain. At the same time, at prices below 20 thousand dollars per ton, the launch of more expensive projects (for example, the extraction of lepidolite, a mineral containing lithium), will stop. The implementation of projects for the extraction of lithium from salt marshes and deposits of spodumene (lithium and aluminum silicate) will depend on the availability of cheap financing.

    Under these conditions, those in whose hands will have the most effective technologies will win. Effective both from the point of view of direct costs and from the point of view of a gentle impact on the environment, which minimizes indirect costs allocated for environmental protection measures.

    Russian companies have unique advantages that can be realized in lithium production. Gazprom has long been using water injection into gas-bearing formations to increase gas recovery from fields. In some soils, this results in the leaching of lithium-containing substances, which can then be easily separated from the solution. Rosatom has accumulated a significant package of competencies in working with solutions of radioactive waste for their disposal and in separating radioactive substances for medical purposes and for special sources of electricity (used in space, the Arctic and in military equipment). The conversion of these technologies for lithium mining has made it possible to develop a new technology for Bolivia that promises high environmental standards at a low cost of lithium production.

    Well, if we talk about the distant future, then it is worth paying attention to the recent statement by several Latin American countries about their desire to create a “lithium OPEC” to reduce market volatility. An example of classic OPEC+ is before their eyes. Someday this will become practical, and now steps are being taken so that by that time Russia can enter this new international cartel as one of the leading countries.

    https://vz.ru/economy/2023/9/22/1230448.html

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    Post  GarryB Sat Sep 23, 2023 6:06 am

    The Lithium stuff is good but it is critical that they work out effective and efficient ways of recovering Lithium from used batteries and worn out products so they don't have to keep mining the stuff forever and would eventually run out.

    Lots of massive discoveries of Lithium around the world suggests there wont be shortages any time soon but some countries are going to try to buy it all up and dominate the market so Russia needs to make sure it has enough and to also develop the technologies needed to recover it and reuse it to make it last longer and to use it more efficiently.

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    Post  flamming_python Sat Sep 23, 2023 7:50 am

    I suspect that as with timber, then coal, now oil - the world will move onto another material for energy purposes with long before they actually run out of it.

    And as the easiest and most accessible deposits are mined out and the market price for lithium increases, the more the incentive there will be to find something superior to it

    And recycling fits into that same paradigm. When it makes economic sense enough to recycle and re-use it compared to just mining more, so then that's what they'll start doing too.

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