Rio Tinto has committed $2.4 billion to the Jadar lithium-borates project in Serbia, which expects first saleable production in 2026, the company said.
Jadar, currently one of the world's largest greenfield lithium projects, remains subject to receiving all relevant approvals, permits and licenses, plus ongoing engagement with local communities, the Serbian government and civil society.Jadar will produce battery-grade lithium carbonate, a critical mineral used in large-scale batteries for electric vehicles and storing renewable energy. As a result, it would position...