Noting “Ukraine has some of Europe’s biggest lithium reserves, but doesn’t currently produce the light metal,” S&P stresses Ukraine’s proximity to the EU and the free trade pact.

Referring to a presentation by Roman Opimakh, head of Ukraine’s State Geological Service, S&P reports: “Three projects are now set to being auctioned: Kruta Balka with lithium oxide content of 0.86%; Dobra with lithium oxide content of 1.38%; and Shevchenkivske, with lithium oxide content of 1.1%.”