In 2023, lithium prices collapsed due to a glut in the market (Fig.1). It happened everywhere except Russia, which stopped producing its own lithium in the 1990s, and has now lost its traditional suppliers, Chile and Argentina.. they have stopped supplies so far. Bolivia remains, but the Chinese are actively developing joint ventures there for lithium mining and production. The analysis shows that today Russia needs 300,000 tonnes of lithium. By 2035, the need will increase to 3,200,000 tonnes.