Rio Tinto Ltd (RIO.AX) is set to ship a pilot lithium processing plant to Serbia from Melbourne in the coming weeks, the culmination of a decade's research to catapult the world's largest iron ore miner into battery minerals.
A sample of the mineral jadarite, from Rio Tinto's Jadar lithium mine in Serbia, and the chemicals it will make are displayed at its research and development hub in Bundoora, Melbourne, Australia, July 30, 2021. REUTERS/Melanie Burtonis set to ship a pilot lithium processing plant to Serbia from Melbourne in the coming weeks, the culmination of a decade's research to catapult the world's largest iron ore miner into battery minerals.
Rio last week hit the go button on the $2.4 billion project that will diversify the producer of iron ore, copper, aluminium and speciality minerals into a top ten lithium producer, just as demand from electric vehicle makers booms. Four 40-foot shipping containers of equipment will leave in coming weeks before a nine-week sail and onward river journey.
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