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T&E: two-thirds of European battery production at risk as companies weigh investing in US instead

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More than two-thirds (68%) of lithium-ion battery production planned for Europe is at risk of being delayed, scaled down or cancelled, according to new analysis by the European NGO Transport & Environment. Battery production capacity equivalent to 18 million electric cars—1.2 Europe must act or risk losing it all.

Companies 430
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Rio Tinto to invest ~$200M to progress the Jadar lithium project to feasibility study stage; jaderite

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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. The Jadar deposit contains high-grade mineralization of boron and lithium supporting a long-life operation in the first quartile of operating costs for both products.

Serbia 243
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GlobalData: Global lithium production to triple over the next four years

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High growth in demand for lithium batteries is spurring three-fold growth in mine production of lithium over the next four years, with 86kt of new lithium metal capacity coming on stream, according to data and analytics company GlobalData. Identified lithium resources in other countries have been revised to approximately 47 million tons.

Chile 240
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Rio Tinto CEO bullish on lithium but not eyeing big acquisitions – ET Auto

Baua Electric

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. That has forced many producers to shutter production and cut jobs. Production is expected to start by the end of 2024.

Serbia 52
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Rio Tinto declares maiden ore reserve at Jadar; major potential source of battery-grade lithium carbonate

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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. Mineral resources are potentially valuable, and for which reasonable prospects exist for eventual economic extraction. Earlier post.).

Carbon 170
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Korean consortium forming JV with Bolivian miner Comibol for lithium production in Salar de Uyuni

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A Korean consortium including Korea Resources Corp. Korea’s advanced technology and Bolivia’s resources will create synergy.” According to a January 2011 update by the US Geological Survey (USGS), identified lithium resources total 4 million tons in the United States and approximately 29 million tons in other countries.

Bolivia 199
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Rio Tinto commits $2.4B for Jadar lithium project; planning 58,000 tons/year lithium carbonate by 2029

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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. Rio Tinto has committed $2.4 Earlier post.)

Serbia 397