Rio Tinto commits $2.4 billion to Jadar lithium project

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.
According to Rio Tinto, Jadar would scale up the company’s exposure to battery materials and demonstrate its commitment to investing capital to further strengthen its portfolio for the global energy transition.

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...

Published

Andrea Hotter

July 27, 2021

18:50 GMT

New York