EU and Serbia Finalize Landmark Lithium Mining Agreement
The deal aims to secure Europe's lithium supply for electric vehicles while addressing environmental concerns.
- German Chancellor Olaf Scholz and Serbian President Aleksandar Vucic signed the agreement in Belgrade.
- The project involves mining giant Rio Tinto and aims to reduce Europe's reliance on Chinese lithium.
- Environmental groups and opposition parties have criticized the deal, citing potential ecological risks.
- The agreement includes commitments to high environmental standards and local economic benefits.
- The Jadar Valley mine could fulfill up to 90% of Europe's current lithium needs.
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