In 2022, after a full-scale invasion, Ukrainian producers significantly reduced iron ore extraction.
All of these factors have had a negative impact on Ukraine’s economy. To quickly compensate for such losses, new avenues for economic development need to be explored. One potential solution is the extraction and processing of lithium and other rare minerals that exist in Ukrainian subsoils and are in demand globally.
For more information, read the column by the Chief Strategy Officer at LLC “UkrLithiumMining,” Denys Aloshyn, on the website of 24 Channel: https://24tv.ua/yaki-korisni-kopalini-ukrayina-mozhe-zaproponuvati-svitu-popri_n2350928