Mercedes Chairman Ola Källenius has underscored the strategic importance of Serbia’s lithium deposits for Europe. In an interview with Reuters TV in Belgrade, Källenius highlighted that the region’s lithium reserves are among the largest in Europe and emphasized Mercedes’ intent to establish regional raw material supply chains, reaching as far back as the mines themselves.
Key points from Ola Källenius’ interview:
- Regional supply chains:
- Källenius stated that the company is working on setting up regional supply chains, with the Serbian lithium deposit being a significant component. The project involves Rio Tinto building a modern mine, and Mercedes could potentially be a customer.
- Value chain development in Serbia:
- Källenius supports Serbia’s aim to develop part of the lithium value chain domestically rather than merely exporting the raw material. He indicated that economic viability might lead to the establishment of value chains within Serbia, potentially up to battery cell production, contingent on the decisions of battery cell suppliers.
- Long-term vision for electric Vvhicles:
- Despite a temporary slowdown in electric vehicle (EV) sales, Källenius reaffirmed Mercedes’ long-term commitment to electric mobility. He stressed the importance of securing lithium for battery production, acknowledging that while market growth isn’t linear, the long-term trend points towards increased electrification.
- Strategic agreements:
- Two declarations of intent are set to be signed in Belgrade, witnessed by German Chancellor Olaf Scholz and EU Commission Vice-President Maros Sefcovic. These include a raw materials agreement between Serbia and the EU, and a separate agreement involving companies like Mercedes and Stellantis to develop a lithium value chain in Serbia.
Serbia’s role in Europe’s lithium supply:
Serbian President Aleksandar Vucic has indicated that future lithium production by the mining group should cover 17% of European demand. This significant contribution underscores the strategic importance of Serbia in the continent’s shift towards sustainable and electric mobility solutions.
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