Rio Tinto commits funding for Jadar lithium project
Rio Tinto has committed $2.4 billion to the Jadar lithium-borates project in Serbia, one of the worlds largest greenfield lithium projects.
- Rio Tinto has committed $2.4 billion to the Jadar lithium-borates project in Serbia, one of the worlds largest greenfield lithium projects.
- Rio Tinto is committed to help develop local businesses so that they can support the operation over the coming decades.
- Rio Tinto Chief Executive Jakob Stausholm said We have great confidence in the Jadar project and are ready to invest, subject to approvals.
- Based on this annual production of lithium carbonate, Rio Tinto aims to produce 2.3 million tonnes of lithium carbonate over the expected 40-year life of mine.