Image Credits : Pxiabay | visual for illustration purpose
1 minute read

Serbia Set to Approve Rio Tinto Lithium Mine

 Serbian President Aleksandar Vucic is preparing to give Rio Tinto (RIO.L), opens new tab the green light to develop Europe’s largest lithium mine two years after Belgrade called off the project, the Financial Times said on Sunday.
Vucic told the newspaper that “new guarantees” from the global mining giant and the European Union looked set to address Serbia’s concerns over whether necessary environmental standards would be met at the Jadar site in the west of the country.

Rio Tinto said in a statement emailed to Reuters: “We believe the Jadar Project has the potential to be a world-class asset that could act as a catalyst for developing an EV (electric vehicle) value chain in Serbia”.

Regarded as a critical material by the EU and the United States, lithium is used in batteries for EVs and mobile devices.
“If we deliver on everything, (the mine) might be open in 2028” Vucic told the FT, adding that the mine was projected to produce 58,000 tons of lithium per year which would be “enough for 17% of EV production in Europe — approximately 1.1 million cars.”
Legal Disclaimer:
reuters
GLOBAL FLOW CONTROL provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above. "

Latest News

  • Oil and Gas
    3 minutes read

    Egypt Targets Multibillion-Dollar Oil & Gas…

    15 Jul. 2024 | Global Flow Control
  • Oil and Gas
    1 minute read

    Kuwait Strikes Black Gold with Massive…

    15 Jul. 2024 | Global Flow Control
  • Oil and Gas
    0 minutes read

    Saipem Secures $500 Million in Offshore…

    15 Jul. 2024 | Global Flow Control
  • Water and Wastewater Management
    2 minutes read

    Edison and Webuild Partner on Pumped…

    15 Jul. 2024 | Global Flow Control