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Rio Tinto’s boss has met the Serbian president at the World Economic Forum in Davos in a bid to revive a stalled lithium project.

Jakob Stausholm met Aleksandar Vucic in talks described as difficult and robust.

Serbia revoked Rio’s mining licences for the $2.4 billion Jadar lithium project in January 2022.

The decision followed mass protests in which 30,000 signed a petition demanding a ban on lithium exploration in the country.

If completed, the project could supply 90 per cent of Europe’s current lithium demand and help make Rio Tinto a leading lithium producer.