Rosatom to Build Lithium Plant in Mali by 2028
Rosatom plans to begin construction of a lithium processing plant in Mali in 2028, following technical and economic feasibility studies in 2027. The project, centered on the Buguula lithium deposit, is supported by geological surveys that confirmed significant lithium reserves.
Consensus
- Rosatom plans to start construction of a lithium processing plant in Mali in 1028.
- The project is based on the Buguula lithium deposit.
- Technical and economic feasibility studies are scheduled for 2027.
- Geological surveys were conducted by Uranium One Group, a part of Rosatom’s network.
- Over 100 boreholes were drilled and more than 20 km of core samples were extracted.
- Lithium reserves are estimated at 458,000 tons of lithium carbonate, a 1.5-fold increase from previous estimates.
- The project is part of Rosatom’s broader lithium development program.
- Rosatom intends to involve investors from friendly countries.
- The results of the geological work confirm the deposit’s industrial potential.
Points of divergence
- In September 2024, Malian authorities announced plans for joint lithium mining and processing with Russia, aiming to achieve domestic battery production within seven to eight years. — kommersant
- On August 28, Russian President Vladimir Putin met with Rosatom CEO Alexei Likhachev and discussed the company’s performance, including its international activities. — vedomosti
Coverage (2 sources)
- Rosatom plans to build a lithium mine in Mali for 2028 — Коммерсантъ
- Rosatom plans to start construction of a lithium plant in Mali in 2028 — Ведомости