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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 unique mineral— jadarite —was discovered by Rio Tinto geologists in 2004 near the city of Loznica in Western Serbia.

Serbia 243
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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. Argentina has the world’s largest share of salt lake lithium resources. Production is expected to start by the end of 2024.

Serbia 52
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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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The report also places question marks over projects in Serbia and Spain by InoBat, which recently secured incentives for a joint venture with an American company in Indiana. T&E said that companies’ limited resources to scale up production, as well as the tight supply of raw materials, are making the US-Europe battery race a zero-sum game.

Companies 430
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GlobalData: Global lithium production to triple over the next four years

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According to the USGS, lithium resources have increased substantially worldwide due to continuing exploration, and total more than 53 million tons. Identified lithium resources in the United States, from continental brines, geothermal brines, hectorite, oilfield brines, and pegmatites, have been revised to 6.8 million tons.

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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