background image

Will EU's lithium deal with Serbia be a boost for Europe's green tech?

author image

By illuminem briefings

· 2 min read


illuminem summarizes for you the essential news of the day. Read the full piece on Euronews or enjoy below:

🗞️ Driving the news: The EU and Serbia have signed a memorandum of understanding, known as the "lithium deal," aiming to secure a significant lithium supply for Europe's green tech sector
• This agreement, celebrated in Belgrade with high-profile European leaders, highlights Serbia's role in providing essential raw materials for electric vehicles and other green technologies

🔭 The context: Serbia possesses a large lithium deposit estimated to supply up to 30% of Europe's electric car batteries
• The project, led by Rio Tinto, had previously stalled due to environmental protests but is now moving forward under strict regulatory oversight, promising job creation and economic growth

🌍 Why it matters for the planet: Lithium is crucial for the production of batteries, vital for the transition to renewable energy and electric vehicles
• The deal reduces Europe's dependence on distant and unstable supply chains, supporting the continent's broader green transition goals

⏭️ What's next: The Serbian government plans to keep the lithium within the country, promoting local processing and manufacturing
• This initiative aligns with the EU's strategy to strengthen its green tech supply chain and reduce environmental impact through stringent standards

💬 One quote: "This project creates a new potential value chain and secures the possibility to create new jobs, not only in mining but in the other steps of processing," said German Chancellor Olaf Scholz

📈 One stat: The lithium deposit in Serbia's Jadar region could support 30% of Europe's electric car battery production

Click for more news covering the latest on green tech and energy sources

Did you enjoy this illuminem voice? Support us by sharing this article!
author photo

About the author

illuminem's editorial team - providing you with concise summaries of the most important sustainability news of the day.

Follow us on Linkedin, Twitter​ & Instagram

Other illuminem Voices


Related Posts


You cannot miss it!

Weekly. Free. Your Top 10 Sustainability & Energy Posts.

You can unsubscribe at any time (read our privacy policy)