- Serbia reconsidering Jadar block
- Savannah Resources raises last cash before build decision
The lithium mining sector is at a low point as supply outstrips demand and shakier electric vehicle demand knocks growth forecasts. But miners are still working on new output and Western governments are pushing for companies to build supply chains that do not include China, even with lithium carbonate trading at $12,000 (£9,500), compared with over $40,000 a tonne a year ago.
Rio Tinto (RIO) looks to be a beneficiary of this push, as the European Union encourages Serbia to reverse the block on the development of the Jadar underground mine.