Does Rio Tinto have a lithium reserve in Serbia?

Rio Tinto is exploring a lithium reserve in Serbia’s Jadar area. A new economic cooperation team will provide assistance to the governments, business community, DFC, US Export-Import Bank, US and European Union institutions and all participants in the processes, according to the announcement.

Will Serbia be able to mine lithium in Europe?

Contrary to an earlier decision, the Serbian government has given the go-ahead for lithium mining. Europe's largest lithium reserves are believed to be in the Jadar Valley in western Serbia. A strategic partnership on sustainable raw materials, battery value chains and electric vehicles with the EU has been signed.

Will the Lithium Project Change Economic Cooperation?

In fact, the lithium project will change economic cooperation: Serbia signed a declaration of intent for a raw materials agreement with the EU on Friday. In an interview with German Handelsblatt, Serbia’s President Aleksandar Vučić explained that Serbia could mine 58,000 tonnes of lithium annually.

Will Serbia and Kosovo support a power plant in the Western Balkans?

The chambers of commerce of Serbia and Kosovo* used the occasion to vow to help the development of the Western Balkans in the economic, social and political sphere and announced a joint group would support plans for a power plant in the region that would install an energy storage facility.

Will Serbia's lithium reserves be a priority after parliamentary elections?

Vucic, whose party won parliamentary elections in December, has said environmental protection would be a priority after extracting new assurances from the company. Rio Tinto has said Serbia's lithium reserves in Loznica could produce an estimated 58,000 tonnes annually, enough for 1.1 million electric vehicles.

Will lithium be a mainstay in Serbia?

Serbia’s per capita economic output is roughly one-third of western Europe’s and Belgrade hopes lithium will become an economic mainstay. Rio says the mine would contribute 1 per cent directly and 4 per cent indirectly to the country’s gross domestic product.