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Mar 17, 2025 · Iran and Russia said they will cooperate on searching for lithium resources in Iran and developing an indigenous Iranian lithium extraction and processing industry. The March 11
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The defense ministry launched Iran's largest plant for production of lithium battery packs in March to increase production capacity by 35% and to remove any need for imports of the product. Iran’s capacity for production of lithium batteries is expanding to help its electrification drive.
Reza Shojaei, who serves as a deputy head at the Iranian defense ministry’s department for energy resources, said on Tuesday that Iran has the technology needed to design and manufacture lithium batteries that are used in electric vehicles.
With global lithium reserves estimated at 89 million tons, Iran may now possess almost one tenth of the world’s lithium supply. Lithium prices have skyrocketed in recent years, thanks partly to increased demand for electric vehicle batteries containing the element.
Iran has major plans to electrify its transport system both via imports of electric cars and by relying on domestic manufacturing. The country has been expanding its charging stations network to allow an speedier introduction of electric transport.
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