Serbia lithium energy storage power supply procurement

Is the European Union getting a lithium deal with Serbia?

The European Union (EU) has reached a deal with Serbia to secure supply of lithium following the reinstatement of Rio Tinto’s ( ASX: RIO ,NYSE:RIO,LSE:RIO) license for its Jadar lithium project.

When will Serbia start mining lithium?

Vucic has hinted that Serbia could begin mining lithium as early as 2028. The president has also said the deal would involve guarantees that limited the sale of raw materials from the country and ensure that most of the lithium exports would be through Serbian-produced batteries or component parts.

How much lithium can Serbia produce a year?

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. During an interview with Germany's Handelsblatt ahead of the Belgrade summit, Vucic said conversations were ongoing with a range of European automakers including Mercedes, Volkswagen and Stellantis.

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.

Is the Rio Tinto & Serbia Lithium Project a good investment?

The Rio Tinto and Serbia lithium project represents a significant opportunity for both Rio Tinto and Europe's green transition ambitions, but faces substantial challenges in terms of environmental concerns, public acceptance, and market timing.

Does Serbia have a lithium mine in Loznica?

Serbia has vast lithium deposits near the western city of Loznica, where a disputed mining project run by the Anglo-Australian mining giant Rio Tinto has been a perennial political fault line in the Balkan country in recent years.