German Chancellor Olaf Scholz has praised a tentative deal between the European Union and Serbia that paves the way for the disputed excavation of lithium.
German Chancellor Olaf Scholz , left, and Serbian President Aleksandar Vucic leave after a press conference at the Serbia Palace in Belgrade, Serbia, Friday, July 19, 2024. Scholz visits Serbia to discuss a tentative deal with the Balkan country for the controversial excavation of lithium, a critical substance in making batteries for electric vehicles.
“I’m glad the decision was made,” he said."I admit, this decision required courage, but it was made at the right moment,” Scholz said. Vucic has said the lithium excavation will only go ahead if automakers and battery producers in Germany and other EU states build factories in Serbia, rather than directly exporting raw materials to those countries.
Serbia is formally seeking EU membership, but has maintained close political and economic ties with China and Russia, despite Moscow's aggression in Ukraine. The signed agreement is seen by analysts as a major boost for Vucic and his hard-line policies.
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