Serbia is on the brink of giving the green light to the “Jadar” project for mining company Rio Tinto, which will extract lithium deposits from a valley in western part of the country. President Aleksandar Vucic has stated that Belgrade has received assurances from both Rio Tinto and the European Union regarding environmental concerns raised by his government. If all goes as planned, the mine is expected to open in 2028 with an annual production rate of 58 thousand tons of lithium, which will be enough to supply 17% of Europe’s electric vehicles.
The Jadar mine project has been a contentious issue in Serbia for years, with environmental concerns and protests leading to delays in its development. However, despite opposition from residents in the Jadar River valley, the project is moving forward with Rio Tinto recently publishing an environmental impact report to address criticisms surrounding its potential harm. Environmental organizations remain steadfast in their opposition citing concerns about area destruction, displacement of residents and disruption of agricultural activities.
The European Union has pledged to invest in projects for battery and electric vehicle production within Serbia demonstrating its commitment to country’s economic development. This support comes at a time when EU is increasing tariffs on electric vehicles from China potentially redirecting investment opportunities towards Serbia. With this move, EU aims to reduce its dependence on Chinese electric vehicle manufacturers while also promoting Serbia as a potential major player in global lithium market.
As Serbia navigates its relationship with the European Union, the Jadar project represents an opportunity for country to assert itself on global stage and strengthen its economic ties. With potential to become a significant lithium producer, Serbia is positioned to play a key role in future of electric vehicle production.
