EU and Serbia conclude agreement on lithium mining
Serbia and the EU have reached a deal on lithium extraction in the Jadar Valley, aiming to establish a value chain for e-mobility. Serbia plans to build a battery factory with support from Mercedes, Stellantis, KfW, and EBRD.
The mined lithium will cover 17% of European demand. However, the mining project is controversial due to environmental concerns.
China had also expressed interest in mining lithium in Serbia. In 2022, the Constitutional Court overturned the halt to the lithium project, despite protests.
The project has sparked mass demonstrations in Serbia, with the opposition accusing President Vucic of undermining democracy and having close ties to Russia. Chancellor Scholz has promised Serbia the establishment of a battery factory as well.
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Serbia Focuses on Lithium: EU and Germany Promote the Extraction of the Coveted Raw Material - DER SPIEGEL
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