Rio Tinto pours USD 60 m in kryptonite exploration - Sufficient ore quantity for 20% world needs for lithium
"Jadarit feeds the future of Rio Tinto in production of lithium batteries" is the title of the text at , The Australian Financial Review portal on kryptonite which is also called Serbian " kryptonite" for content identical to minerals from Superman movies.
UK-Australian company, Rio Tinto, discovered in 2007 site of kryptonite accidentally, while exploring borne minerals in Serbia. The fact that so far they have invested more than USD 60 m in research estimated EUR 10 billion proves their serious intentions.
The company believes that in Jadar zone, there is approximately 114.6 million tons of kryptonite with about 1.8 percent lithium oxide, which would satisfy even 20% of global needs for lithium. Lithium is sold at a price of up to EUR 5,000 per ton and is used in batteries production.
This is what an Australian portal is stating as the main asset of Rio Tinto for wealth acquisition These batteries are, in fact, also used in electrical cars where more mass production is planned.
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