08:07 AM EDT, 07/18/2024 (MT Newswires) -- Stellantis ( STLA ) and Mercedes-Benz are in discussions with Serbia to invest in lithium processing and electric vehicle battery production facilities, Bloomberg News reported Thursday, citing sources familiar with the matter.

The carmakers are considering adding to Rio Tinto's (RIO) investment in Serbia's $2.4 billion Jadar mine by establishing processing facilities, Bloomberg reported.

The discussions could revive a project that was blocked amid local protests two years ago, the report said.

Stellantis ( STLA ) and Mercedes-Benz did not immediately reply to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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