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By Shane Lasley
Metal Tech News 

Rio Tinto commits $2.4B for lithium mine

Annual Serbian mine output will be enough for 1 million EVs Metal Tech News – July 28, 2021


Last updated 7/12/2022 at 12:38pm

Mercedez Benz Daimler AG Rio Tinto Jadar Serbia jadarite lithium-ion battery

Daimler AG

A Serbian mine capable of producing enough lithium each year for batteries powering 1 million electric vehicles will be good news from European automakers such as Mercedes-Benz, which is rapidly transitioning its fleet to electric.

With the goal of producing 58,000 metric tons of the lithium carbonate needed for the batteries powering electric vehicles and storing renewable energy each year, global miner Rio Tinto has committed US$2.4 billion to the development of Jadar in Serbia, one of the world's largest greenfield lithium projects.

"Serbia and Rio Tinto will be well-positioned to capture the opportunity offered by ri...

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