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<https://www.hurriyetdailynews.com/serbia-could-mine-lithium-as-early-as-2028-report-197529>
  


Serbia could mine lithium as early as 2028: Report - Latest News


2–3 minutes

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Serbia could mine lithium as early as 2028: Report


LONDON


 

This aerial view shows the Jadar valley close to the western Serbian village of 
Gornje Nedeljice near Loznica, area of the planned Rio Tinto lithium mine 
project on April 5, 2024.

President Aleksandar Vucic said Serbia 
<https://www.hurriyetdailynews.com/index/serbia>  could exploit lithium 
<https://www.hurriyetdailynews.com/index/lithium>  as early as 2028 following 
new guarantees from Australian mining giant Rio Tinto and the EU over the 
controversial project, the Financial Times has reported.

According to Rio Tinto, Jadar in western Serbia holds one of Europe's largest 
reserves of lithium, a strategically valuable metal crucial for electric 
vehicle battery production.

The deposits were discovered in 2004 but the Serbian government halted the 
mining project in 2022 after weeks of protests sparked by fears for the 
environment and public health.

Vucic told the Financial Times that the mining giant and the European Union had 
given "new guarantees" regarding compliance with environmental standards.

"If we deliver on everything, [the mine 
<https://www.hurriyetdailynews.com/index/mine> ] might be open in 2028," Vucic 
said, adding that it would be a game-changer for the country and the entire 
region.

The president said the mine is expected to produce 58,000 tons of lithium per 
year, which would equate to 17 percent of electric vehicle production in Europe 
or 1.1 million cars.

Opponents had previously accused Rio Tinto and Vucic of not being transparent 
about the process and of refusing to publish environmental impact reports.

Last week, the mining giant published an environmental impact report that aimed 
to assuage concerns.

Rio Tinto denounced "a broad misinformation campaign based on defamatory 
elements" advancing "unsubstantiated claims" that the project would harm water 
resources, soil, biodiversity, air quality and human health.

In September 2023, Serbia signed a letter of intent with the European 
Commission for a strategic partnership in batteries and raw materials.

 

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