Diversified mining major Rio Tinto has signalled that it was eager to join the lithium rush, with its lithium-borate deposit in Serbia being seen as a “strategically important” project for the group.
In a Rio Tinto publication released on Thursday, Rio Tinto CEO for diamonds and minerals, Alan Davies, described the lithium-borate project in the Jadar basin as “exciting”. He said that lithium was a resource that was expected be in high demand in future, owing to growth in the electric vehicle (EV) market.
