Wednesday, January 7, 2026

Rio Tinto’s Not Having A Great Time In Serbia: Capital Erupts in Protest Over Controversial Lithium Mine

Tens of thousands of protesters flooded the streets of Belgrade, Serbia’s capital, on Saturday to voice their opposition to Rio Tinto‘s (ASX: RIO) proposed lithium mining project in Western Serbia. 

The demonstration, which began in July and saw participants chanting slogans like “You will not dig” and “Rio Tinto leave Serbia,” was sparked by the government’s recent decision to reinstate the mining giant’s license for what could become Europe’s largest lithium mine.

The $2.4 billion Jadar project, situated in the agriculturally rich Jadar Valley, has been a source of contention since its inception. While government officials argue that the mine would significantly boost Serbia’s economy and potentially cover 90% of Europe’s current lithium needs, environmentalists and local farmers fear irreversible damage to the region’s land and water resources.

The protest, which the Interior Ministry estimated to involve between 24,000 and 27,000 people, saw demonstrators taking over two main railway stations in Belgrade, with some lying on the tracks to obstruct operations. This action prompted warnings from Interior Minister Ivica Dacic, who stated that charges would be filed against those breaking the law.

The controversy surrounding the mine has taken on political dimensions, with government officials claiming the protests are aimed at undermining President Aleksandar Vucic’s administration. Vucic himself alluded to information from Russia about a potential coup being planned in Serbia.

The resurgence of the Rio Tinto project comes just two years after it was initially halted due to environmental concerns. Its revival is partly linked to a recent agreement signed by Vucic, German Chancellor Olaf Scholz, and EU Energy Commissioner Maros Sefcovic, granting EU member states access to raw materials mined in Serbia, including lithium.


Information for this story was found via BBC, Reuters, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Why $100 Silver Right Now Would Be a Problem | Keith Neumeyer – First Majestic

Why Industrial Demand Is Changing the Silver Market | David Morgan

Gold and Silver Delivery Is Exposing the Paper Market | Andy Schectman

Recommended

Nations Royalty Names Derrick Pattenden As President And CEO

First Phosphate Receives US$530,000 Pre-Payment Under Offtake Agreement

Related News

Arizona Sonoran Set To Terminate JV Option With Rio Tinto

A positive prefeasibility study combined with a boost in copper pricing has seemingly resulted in...

Monday, December 29, 2025, 08:29:36 AM

Kosovo-Serbia Conflict: Headed Towards Invasion?

On the first anniversary of the 2023 Ohrid deal, Kosovo President Vjosa Osmani has demanded...

Wednesday, March 20, 2024, 08:02:40 AM

Is Rio Tinto Eyeing Potential New Copper Acquisitions?

Is Rio Tinto (ASX: RIO) exploring new acquisition opportunities in the copper sector? The question...

Wednesday, July 17, 2024, 12:40:18 PM

Rio Tinto Expands Lithium Portfolio with $6.7 Billion Arcadium Acquisition

Rio Tinto Group, the world’s second-largest mining company, has announced its agreement to acquire Arcadium...

Wednesday, October 9, 2024, 03:12:00 PM

Uranium Energy Corp Drops $150 Million To Acquire Roughrider Uranium Project

What’s the value of a historic deposit within the Athabasca Basin of Saskatchewan? If you’re...

Wednesday, October 12, 2022, 08:16:00 AM