Balkan Peninsula Energy Storage Lithium Battery Investment Project

Is lithium a key mineral in the Western Balkans?

The interest in developing lithium deposits in the Western Balkans is part of a wider push to exploit the mineral across Europe. Demand for the world’s lightest metal, lithium, is forecast to grow strongly in the coming decade as car manufacturers ramp up production of electric vehicles (EVs).

Why should Serbia invest in lithium-ion battery recycling technology?

Coupled with access to leading lithium‐ion battery recycling technology, the elements make a compelling offer for Serbia and her neighbours. The integrated recycling technology will lead the market in processing up to a 50 tons per day of lithium batteries.

Will Albania build its first lithium ion battery plant?

Chief Executive Officer Bruno Papaj said the firm signed a memorandum of understanding with an Indian investor on the construction of Albania’s first lithium ion battery plant. The facility is planned to come online within two years, with 100 MW in annual capacity.

Will metalfer create a new battery recycling site in Serbia?

Metalfer would provide a suitable site in the western Serbian city of Sremska Mitrovica that will hold the required permits and approvals for the battery recycling operation, creating up to 60 new jobs. The cost of the site would be included in the shared capital costs of the JV.

Will Serbia and Kosovo support a power plant in the Western Balkans?

The chambers of commerce of Serbia and Kosovo* used the occasion to vow to help the development of the Western Balkans in the economic, social and political sphere and announced a joint group would support plans for a power plant in the region that would install an energy storage facility.

Where is the lithium project located?

Of note, the last one, which has the same name as a town in the northeast of Serbia, is actually in the country’s southwestern part. The Lopare project (early stage) is in Bosnia and Herzegovina. The areas under lithium exploration and those envisaged for exploration mostly have very fertile land and the population depends on agriculture.