Serbia Set to Approve Rio Tinto's Stopped Lithium Project, FT Reports

--The Serbian government is preparing to let Rio Tinto develop the Jadar lithium project two years after the Anglo-Australian miner scrapped it due to local protests over environmental concerns, Financial Times reports after an interview with Serbian President Aleksandar Vucic.

--Rio Tinto and Serbia could issue a formal announcement of the project next month following a meeting with European Union leaders, FT reports, citing the president.

--The mine could open in 2028 and is projected to produce 58,000 metric tons lithium a year which would make it Europe's largest lithium mine, FT reports citing Vucic.

--Rio Tinto didn't immediately respond on a request for comment when contacted by Dow Jones Newswires.

Full story: https://tinyurl.com/2brhrns6

Write to Christian Moess Laursen at christian.moess@wsj.com

(END) Dow Jones Newswires

June 17, 2024 03:32 ET (07:32 GMT)

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