Rio Tinto has halted the $2.95bn Jadar lithium project in Serbia to focus on near-term opportunities, facing permitting delays and community opposition. CEO Simon Trott aims to streamline operations, aligning with the reorganisation into three core divisions. Despite a recent downturn in the lithium market, Rio Tinto plans to increase capital expenditure.

Read more at Yahoo Finance: Rio Tinto mothballs $2.95bn Jadar lithium project in Serbia