Ukraine is very important because it guarantees the independence of lithium mining worldwide, since all other concessions are held by Chinese companies. This was said in the program “120 minutes“ on bTV by the chairman of the Bulgarian Energy and Mining Forum Ivan Hinovski.
“Ukraine has many rare precious metals. You should know that Ukraine is one of the richest countries in Europe, the richest in rare metals. It has over 800 deposits of 94 elements – various chemical, valuable and rare elements. If we were to list them all, the list would be long“, he pointed out.
According to him, the point is that Ukraine really has a very serious lithium resource. This country is in fifth place in the world, with China holding the first place, followed by several countries in Latin America and Kazakhstan.
„Ukraine has about 13 million tons of proven lithium. On the stock exchanges in the last few months, the price of lithium has fallen because it turned out that the stock market forecasts for the development of electric cars have fallen - they were overestimated. There is a certain slowdown in the demand for lithium precisely because of the overly optimistic theories for the development of electric cars“, said Hinovsky.
The expert is categorical that Ukraine is „a small island that is independent of China“, because all other deposits in the world are concessioned by Chinese companies. "China is sucking up all the lithium production from all countries," added Hinovsky.
He also spoke about the deposits of titanium, uranium, tungsten and graphite in Ukraine, pointing out that these elements are important for the military industry and energy.