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German Chancellor Olaf Scholz plans to visit Serbia this week to secure supplies of lithium that are critical for the nation’s energy transition and auto industry, according to people familiar with the matter.
Vucic has said the mine potentially could produce about 58,000 tons of lithium a year. However, it won’t start operating before 2028, and then only with firm guarantees concerning its environmental protection measures., and critics say a faster flow of direct funding is needed to help developers survive a severe downturn in battery-metal markets.
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