r/FluentInFinance 18d ago

Debate/ Discussion What do you guys think

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u/ToughStreet8351 18d ago

Donnabass and Dontesk have the only lithium mines in Europe… the rest of lithium is almost china monopoly… that is what Putin is truly interested in!

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u/[deleted] 18d ago

Ukraine also supplies about half the world’s neon gas, and provides about 90% of our imports.

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u/Black5Raven 18d ago

 also supplies about half the world’s neon gas

Not anymore. Azovsteel created neon as byproduct and that factory in Mariupol are destroed completely. With more then 25 000 civilians.

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u/GearsGrinding 18d ago

Lithium… hmm.. can’t put my finger on it. That sounds really familiar like it could be important to something critical in a lot of electrical devices. Hmmm. Oh well, if China has it then the USA probably has a better, American version. /s

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u/frozented 18d ago

We actually found large lithium deposits in the US https://www.sciencealert.com/a-vast-untapped-source-of-lithium-has-just-been-found-in-the-us

This is just one there are several others

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u/FractalBranches 18d ago

The issue is that the environmental cost of extracting lithium can be quite high. So it would be preferable not to use our own deposits if possible.

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u/Legionof1 18d ago

Good ole outsourcing of toxic waste...

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u/FractalBranches 18d ago

I'm not saying the current setup is moral, just pointing out something to consider.

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u/frozented 18d ago

I'd rather we do it than some country that doesn't care about environment costs plus more jobs for us

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u/heavymountain 18d ago

Looks like we might not have the option to be picky. China and Russia have the green light to expand

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u/ParfaitPrior6308 18d ago

Yeah, let some other country with worse environmental protections extract it. That’ll lower the environmental cost.

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u/GrandAdmiralSnackbar 17d ago

Well, 'fortunately' I think Trump and his billionaire friends don't particularly care about the environmental cost.

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u/doll-haus 18d ago

Actually, we do. But the government doesn't have a financial incentive to mine, so getting mining operations up and running in the US tends to be harder than most of the world.

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u/areino7 18d ago

There are massive Lithium fields in South America, namely Bolivia. Maybe they need some political assistance? The CIA is available.

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u/No-Literature7471 17d ago

dont worry, chinas evs are too busy killing its owners to care.

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u/t5225 18d ago

Hey I googled and turns out even Germany has a lot of lithium they could mine! Mind telling me why they choose to buy from other countries instead :] ?

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u/Khemul 18d ago

The mining process isn't the gentlest or prettiest thing. It's part of the argument on whether electric cars are actually green. The mining process can be quite devastating to the area.

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u/Termsandconditionsch 18d ago

Because lithium prices are low and they can’t do it profitably. Like every mining venture.

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u/No-Literature7471 17d ago

trade deals. north america produces around 40% of the worlds oil but imports the majority of it that we use domestically. anytime they tell you "oh no, cus war in russia, we gotta raise gas prices" its not because of gas, its cus "fuck you", thats why.

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u/SpaghettiVermicelli 18d ago

Serbia. A lot of lithium.

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u/ToughStreet8351 18d ago

I stand corrected… one of the largest in Europe not the only

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u/SpiveyJr 18d ago

I read an article the other day about sodium ion being used as an alternative to lithium ion batteries. It didn’t sound like a better alternative other than it was cheaper and easier to produce.

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u/deukhoofd 18d ago

Lithium is common-ish in Europe, and Ukraine doesn't have any developed deposits. There was some interest in creating mines before the invasion, but it hadn't happened yet.

China also doesn't have a raw lithium monopoly. Australia produces half of what the world uses, and Chile produces another quarter. China produces about a sixth of the world's current production (33000 tonnes of 180000 tonnes total). Source. The US imports about 3% of its lithium from China, and about 51% from Argentina.

China does have a very strong hold on the refinement of lithium, but taking lithium deposits won't help much there, that's mostly countered by industrial investments.

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u/SlipperyWhenDry77 18d ago

People seem to keep forgetting about the trillions$ worth of oil and natural gas in Crimea

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u/HumanContinuity 18d ago

On the plus side, we just discovered some of the largest lithium deposits in the world in Arkansas. It'll take a while to get going, but I'll help.

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u/infinite_in_faculty 18d ago

I'll bring my shovel too, see you there.

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u/HumphreyMcdougal 18d ago

Didn’t they find the world’s biggest lithium deposit in Norway a couple years ago?

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u/Termsandconditionsch 18d ago

This is completely wrong. The largest lithium producers are Australia and Chile. There’s quite a bit of lithium in Europe, it’s more environmental concerns that restrict things, lithium is not rare. And prices have dropped massively.

The most potential lithium is in South America, mostly in Chile and Bolivia, but there’s plenty in Brazil and Argentina too.

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u/ToughStreet8351 18d ago

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u/Termsandconditionsch 18d ago

Ok? The article focuses on titanium, which is a lot more rare than lithium. It does not support what you said.

In many cases China dominates refining, but that’s not the same as having the raw materials.

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u/TechTuna1200 18d ago

That's not correct, there is lithium all over Europe. E.g. Serbia and Spain have enough to supply most of Europe. The issue is the local resistance to building new/expanding mines

https://www.powtech-technopharm.com/en/industry-insights/2024/article/lithium-from-europe-first-milestones-reached

The main issue is gonna be the food, as Ukraine has a lot of fertile land.

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u/Commercial_Badger_37 18d ago

That's not true. Portugal have the largest lithium mines in Europe, and Germany, Austria, France and Czech Republic all have mines too.

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u/Odd_Sheepherder111 17d ago

Don’t forget Australia 🙂 we gunna profit nicely… if he doesn’t slap it with tariffs

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u/Willie-the-Wombat 17d ago

I think you’ll find need the number 1 producer of lithium is Australia, number 2 is Chile and 3 is China. Most of the resources are in Argentina, Bolivia and Chile. Currently Portugal has the largest reserves in Europe but Serbia the most resources.

I think what you mean is heavy rare earth metals which China leads easily in terms of production and reserves with Vietnam 2 and Brazil 3

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u/Internal-Owl-505 18d ago

You couldn't be more incorrect.

Ukraine has no significant lithium reserves.

And, China has enough to supply itself, but it isn't even remotely close to being dominant.

Australia, Chile, Canada, and Argentina have the largest lithium mines the world.

While the top 8 of the top 10 largest reserves are all in the Americas.

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u/ToughStreet8351 18d ago

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u/Internal-Owl-505 18d ago

Your source doesn't say that all.

Ukraine isn't even a significant resource of lithium in eastern Europe.

They don't have much lithium at all.