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Rio Tinto is supporting the development of a battery ecosystem in Europe with an investment in Inobat Auto (InoBat), a Europe-based battery technology and manufacturing company. InoBat is actively pursuing plans to build a number of gigafactories, including one in Serbia. Rio Tinto’s $2.4-billion
Final preparations for the production of a new Fiat automobile in Serbia will be executed within the next few months, according to Serbian Deputy Prime Minister Mla?an made the comment in a speech at the opening of the “Investment Opportunities in Serbia” forum, which was attended by more than 20 Italian auto parts suppliers.
Serbia has vast lithium deposits near the western city of Loznica, where a mining project being developed by Anglo-Australian mining giant Rio Tinto has been a perennial political fault line in the Balkan country in recent years. million electric vehicles.
.” Anglo-Australian miner Rio Tinto said on Thursday newly published environmental studies showed that its Serbia lithium project , which was stopped in 2022 after massive protests, would be safe for the environment. If implemented, the USD 2.4
It will take at around 9-12 months before we start supplying from this facility. This facility, which specialises in driveline solutions for EVs, will help the company enhance its supply chain efficiency and respond more effectively to customer demand in the North American region.
Vucic told the newspaper that “new guarantees” from the global mining giant and the European Union looked set to address Serbia’s concerns over whether necessary environmental standards would be met at the Jadar site in the west of the country. million cars.” billion Jadar project after massive environmental protests.
If completed, the Jadar project could supply 90% of Europe’s current lithium needs and help to make the company a leading lithium producer. “If they fail, on the 41st day we will block Serbia, we will block key points, railroads … and that’s only the beginning,” Marijana Petkovic, a green activist told the crowd.
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