EU-Serbia Lithium Deal Enhances Europe's Electric Car Future

The European Union and Serbia have signed a lithium supply deal, enhancing Europe's electric car manufacturing and climate goals. German Chancellor Olaf Scholz emphasized the significance of this collaboration, noting its impact on resilience and industry promotion.

The European Union and Serbia have struck a significant lithium supply deal, bolstering Europe's efforts towards electric car manufacturing and climate objectives, according to German Chancellor Olaf Scholz. Speaking in Belgrade on Friday, Scholz highlighted the strategic importance of the agreement.

'It is important that such a decision was taken today,' Scholz stated during the signing ceremony, which grants the EU access to lithium mined in Serbia, a critical resource for electric vehicle batteries.

'The move increases resilience and promotes industry,' Scholz added, pointing to the broader implications for Europe's economic and environmental ambitions.