The Cabinet of Ministers of Ukraine has announced a competitive bidding process for the development of the lithium deposit in the Dobra region of Kirovohrad. This initiative, spearheaded by Prime Minister Yulia Svyrydenko, is intended to accelerate the country’s shift toward renewable energy and reduce its reliance on foreign suppliers for critical raw materials. The production sharing agreement (PSA) is expected to attract foreign investment and position Ukraine as a key player in the global lithium market.
Lithium is a crucial component in the production of batteries for electric vehicles and energy storage systems, making it a strategic resource for Ukraine’s industrial and environmental goals. The government has emphasized that the competition will ensure transparency and fairness in selecting the most qualified partners for the project. This effort is part of a broader strategy to diversify Ukraine’s energy sources and bolster its manufacturing sector in line with international climate commitments.