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Rio Tinto invests in InoBat

Green Car Congress

The investment follows a Memorandum of Understanding signed in May, outlining an intention to work together to progress the establishment of a “cradle-to-cradle” electric vehicle battery value chain in Serbia. InoBat is actively pursuing plans to build a number of gigafactories, including one in Serbia. Rio Tinto’s $2.4-billion

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Rio Tinto declares maiden ore reserve at Jadar; major potential source of battery-grade lithium carbonate

Green Car Congress

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. It represents a significant investment for Serbia with both direct and indirect economic benefits, and would become the country’s second largest exporter.

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