Rio Tinto shares slump as Serbia pulls plug on its $2.4 billion lithium project

Published by
Reuters UK

By Sonali Paul and Praveen Menon MELBOURNE (Reuters) -Shares in Rio Tinto tumbled on Friday after Serbia revoked its lithium exploration licences over environmental concerns, hurting the Anglo-Australian miner’s ambition to become Europe’s largest supplier of the metal used in electric vehicles. The decision by Serbia comes as it approaches a general election in April, and as relations between Belgrade and Canberra have soured after Sunday’s deportation of tennis star Novak Djokovic from Australia…

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