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billion to the Jadar lithium-borates project in Serbia, one of the world’s largest greenfield lithium projects. The project remains subject to receiving all relevant approvals, permits and licences and ongoing engagement with local communities, the Government of Serbia and civil society. Assuming a 60kWh battery.]. Earlier post.)
Rio Tinto and InoBat, a European battery technology and manufacturing company, signed a Memorandum of Understanding to work together to accelerate the establishment of a “cradle-to-cradle” battery manufacturing and recycling value chain in Serbia.
Rio Tinto has commenced production of battery-grade lithium from waste rock at a lithium demonstration plant at the Boron mine site in California. The demonstration plant has a design capacity of 10 tonnes per year of battery-grade lithium. —Rio Tinto Minerals chief executive Sinead Kaufman.
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. This investment will support the completion of InoBat’s research and development center and pilot battery line in Voderady, Slovakia. Rio Tinto’s $2.4-billion
Rio Tinto has approved an additional investment of almost $200 million to progress the next stage of the development of the lithium-borate Jadar project in Serbia. Rio Tinto’s lithium project pipeline is an important part of our vision to pursue opportunities which are part of the transition to a low-carbon future.
Rio Tinto disclosed to the Australian Securities Exchange (ASX) a maiden Ore Reserve and updated Mineral Resource at its 100% owned Jadar lithium-borates project in western Serbia. Pre-feasibility studies have shown that the Jadar project has the potential to produce both battery-grade lithium carbonate and boric acid.
Rio Tinto has started producing spodumene concentrate, a mineral used in the production of lithium for batteries, at a demonstration plant in its Rio Tinto Iron and Titanium (RTIT) Québec Operations in its metallurgical complex in Sorel-Tracy, Canada.
KORES ) and steelmaker POSCO has entered an agreement with Bolivia’s state-run miner Comibol (Corporación Minera de Bolivia) to set up a joint venture to produce lithium intended for lithium-ion batteries. POSCO plans to bid for construction of lithium-carbonate manufacturing and processing facilities in Uyuni, it added.
The company also owns the Jadar lithium project in Serbia, which is currently under dispute after Serbia in 2022 revoked the license for the project over environmental issues. “Ideally, you will need more battery capacity, so it’s not just batteries for EVs but also stationary batteries.
Eliminating emissions problems means finding renewable energy solutions with a minimal carbon footprint. For example, Poland, Belarus and Serbia have committed to 2030 net-zero emissions to increase sustainability. The car runs on a battery-powered motor and requires no gasoline, oil or any fossil fuels for operation.
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