Rio Tinto hails another step closer to develop Serbian lithium mine
If developed, the $2.4 billion Jadar lithium project in Western Serbia could cover 90% of Europe's current lithium needs.
Macarthur Coal shares soared almost 40 per cent after Peabody Energy’s near $5 billion takeover bid, providing a stock price boost to others in the Australian coal sector.
The shares closed up $4.06, or 36.64 per cent, at $15.14 on Tuesday, Macarthur’s highest finish since late April.