Serbia to Tap Jadar Lithium Reserves by 2028, Boosting Europe's EV Production with Rio Tinto's Backing

June 17, 2024
Serbia to Tap Jadar Lithium Reserves by 2028, Boosting Europe's EV Production with Rio Tinto's Backing
  • Serbia plans to exploit significant lithium reserves in Jadar by 2028, backed by Rio Tinto and the EU.

  • The Jadar lithium deposit could produce 58,000 tonnes annually, potentially supplying 17% of Europe's electric vehicle production.

  • The project, halted in 2022 over environmental and health concerns, now includes an environmental impact report and promises of safe technology.

  • The mining project is crucial for electric vehicle battery production and could commence in 2028, contingent on meeting all requirements.

  • Serbia's 2023 strategic partnership with the EU for batteries and raw materials solidifies its role in the electric vehicle supply chain.

  • Critics' concerns about transparency and environmental impact have been addressed with the publication of Rio Tinto's environmental impact report.

  • The project is seen as a game-changer for Serbia and the region, with significant benefits for European electric vehicle production.

Summary based on 4 sources


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Sources

Serbia could mine lithium as early as 2028: FT

Serbia could mine lithium as early as 2028: FT

Serbia could mine lithium as early as 2028: FT

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