Rio Tinto Pauses $3B Lithium Project
Update: 2025-11-13
Description
Rio Tinto Halts Jadar Lithium Project: A Strategic Shift Amidst ChallengesRio Tinto, the mining giant, has put its $3 billion Jadar lithium project in Serbia on hold, marking a strategic shift under new CEO Simon Trott. The project, plagued by permit issues and local opposition, has been placed into care and maintenance due to the lack of progress in securing permits and the current oversupply in the lithium market. This move aligns with Trotts efforts to streamline operations and focus on growth areas.
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