[quote 1dayatatime]@Wrongkindofovercoat
So reserves don't equate to production also the 500k reserves are unproven in Ukraine.
Making a massive assumption that all unproven reserves turn in proven then 500k reserves would give a production of about 5,000 tones of lithium per year at a price of $17000 per tonne or $85 million per year. Of which at least half is capex and opex giving a max annual profit of somewhere around $ 40 million per year.
Compared to Chile or Australia it really is bugger all.
[/quote]
I imagine it might not be easy for Russia to get Australian lithium for a while. Dunno if Chile would sell to them.