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What will be the market reaction to the final decision on Rio Tinto's lithium mine project within one week of the announcement?
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Resolution / Starting Odds
Rio Tinto stock rises more than 5% • 25%
Rio Tinto stock rises less than 5% • 25%
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Rio Tinto stock falls more than 5% • 25%
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Story
Serbia's Court Overturns Govt Decision on Rio Tinto's $2.4 Billion Lithium Project
Jul 11, 2024, 06:49 PM
On July 11, 2024, Serbia's Constitutional Court declared the government's decision to revoke the permit for Rio Tinto's $2.4 billion lithium mine project as unconstitutional. This ruling overturns a 2022 decree that had abruptly blocked the controversial project. The decision paves the way for the potential authorization of the lithium mine, which has been a subject of significant debate. Rio Tinto has welcomed the court's ruling.
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