Russia's nuclear giant joins race to supply lithium for electric cars

London

RUSSIA'S state-owned nuclear corporation is joining the lithium rush. After a collapse in the price of uranium, Rosatom Corp plans to start mining and trading the metal used in batteries as it seeks to profit from the rapid rise of electric vehicles.

"The evolution of the car business is going much faster than predicted," said Kirill Komarov, the company's first deputy head. "We plan to accumulate the whole integrated line of everything starting from lithium and up to final batteries or even some cooperation with car producers."