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Production, refining and reserves

CommodityMetricValueWorld rank · shareSource
CopperMine production 2022203,998 t Cu content#18 · 0.9%USGS Minerals Yearbook 2022 (copper), table 20
CopperRefinery production 202224,000 t refined copper (primary)—USGS Minerals Yearbook 2022 (advance data release), The Mineral Industry of Serbia, table 1
PlatinumMine production 202320 kg Pt content#10 · 0%USGS Minerals Yearbook 2023 (platinum-group metals, tables-only release), table 5
PalladiumMine production 2023100 kg Pd content#9 · 0%USGS Minerals Yearbook 2023 (platinum-group metals, tables-only release), table 5
ZincMine production 20237,000 t Zn content#44 · 0.1%USGS Minerals Yearbook 2023 (zinc, tables-only release), table 16
AluminiumRefinery production 202251,438 t secondary aluminium metal (ingot, including alloys)—USGS Minerals Yearbook 2022 (advance data release), The Mineral Industry of Serbia, table 1
LeadMine production 20225,500 t Pb content (ore)—USGS Minerals Yearbook 2022 (advance data release), The Mineral Industry of Serbia, table 1
LeadRefinery production 202216,000 t refined lead (primary and secondary)—USGS Minerals Yearbook 2022 (advance data release), The Mineral Industry of Serbia, table 1
SeleniumRefinery production 202571 t Se content (refined)#8 · 2%USGS MCS 2026
Magnesium metalRefinery production 20152,000 t primary magnesium metal (smelter production)—USGS MCS 2016
SilverMine production 20227,600 kg Ag content—USGS Minerals Yearbook 2022 (advance data release), The Mineral Industry of Serbia, table 1
SilverRefinery production 20227,412 kg refined silver—USGS Minerals Yearbook 2022 (advance data release), The Mineral Industry of Serbia, table 1

Policies and export measures

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  • 2024-07-19 · agreement

    EU–Serbia strategic partnership on sustainable raw materials, battery value chains and electric vehicles

    Memorandum of understanding signed in Belgrade on 19 July 2024 (signature date), within the framework of the Stabilisation and Association Agreement.

    Source: European Commission
  • 2024-07-16 · incentive

    Reinstatement of the Jadar spatial-plan decree after the Constitutional Court ruling

    After the Constitutional Court found the January 2022 revocation decree unconstitutional, the government adopted a new decree restoring the 2020 spatial plan for the Jadar project, published in Official Gazette No. 60/2024. The Ministry of Mining and Energy said this lets the project be developed under legal procedures and does not prejudge the decision on the project itself.

    Source: Pravno-informacioni sistem Republike Srbije (Official Gazette legal information system)
  • 2022-01-20 · ban

    Government decree revoking the Jadar spatial plan (lithium-borate project)

    At its session the government revoked the 2020 decree and spatial plan for the special-purpose area of the Jadar jadarite mining and processing project. The Prime Minister stated that all related administrative acts, permits and decisions concerning Rio Tinto were thereby annulled, together with the 2021 decision setting up the project working group.

    Source: Government of the Republic of Serbia (srbija.gov.rs)

Trade in critical minerals

Exports 2024$3.3 bn

  1. Copper$3.1 bnto China 59%, Türkiye 14%, Bulgaria 7% · 24 more
  2. Lead$128 mto South Korea 29%, United Kingdom 28%, Bulgaria 19% · 12 more
  3. Aluminium$60 mto Germany 32%, Slovenia 20%, Slovakia 12% · 23 more
  4. Zinc$29 mto Poland 38%, Singapore 27%, Bulgaria 26% · 6 more
  5. Nickel$13 mto Spain 48%, Slovenia 32%, Hungary 8% · 9 more
  6. Palladium$3 mto Hong Kong 100%
  7. Cobalt*$1 mto United States of America 49%, Hungary 40%, Canada 7% · 7 more
  8. Lithium*$1 mto Russia 39%, India 14%, Peru 7% · 31 more

and 24 more commodities

Imports 2024$1.1 bn

  1. Copper$548 mfrom Dem. Rep. Congo 41%, Türkiye 18%, Bulgaria 12% · 16 more
  2. Aluminium$312 mfrom Germany 14%, Austria 14%, India 10% · 38 more
  3. Phosphate rock$45 mfrom Syria 87%, Egypt 13%, United Kingdom 0% · 5 more
  4. Zinc$31 mfrom Bulgaria 53%, Poland 19%, Belgium 11% · 13 more
  5. Potash$22 mfrom Russia 87%, Israel 6%, Romania 6% · 19 more
  6. Manganese*$17 mfrom India 79%, South Korea 12%, Germany 2% · 20 more
  7. Rare earths$14 mfrom China 52%, Philippines 25%, Germany 19% · 42 more
  8. Nickel$13 mfrom Norway 52%, China 28%, Slovenia 6% · 15 more

and 33 more commodities

Trade values in current US dollars (ores, concentrates, intermediates, chemicals and refined metal), not prices. * Includes HS codes that also cover other products. Source: CEPII BACI (HS22), Etalab Open Licence 2.0 — details.

Fiscal regime for mining

InstrumentApplies toRateLegal basis
RoyaltyCopper, Gold, Silver, Zinc, Lead, Lithium, Boron, Antimony, Nickel, CobaltMetallic raw materials 5% (of revenue if raw/beneficiated, of net revenue if metallurgically processed); non-metallic (non-construction) raw materials same 5% scheme; technogenic raw materials 1%; salts 1%5%revenue from unprocessed or beneficiated mineral raw material; net revenue (final product sales less smelting, refining, transport, handling, insurance and selling costs; no deduction for depreciation, capital costs or tax reliefs) where pyro-, hydro- or electro-metallurgically processedЗакон о накнадама за коришћење јавних добара (Law on Fees for the Use of Public Goods), Sl. glasnik RS 95/2018, 49/2019, 92/2023, 109/2025, 35/2026 · Art. 20-23in force 2026-01-01
RoyaltyUranium, ThoriumRadioactive raw materials2%revenueЗакон о накнадама за коришћење јавних добара (Law on Fees for the Use of Public Goods), Sl. glasnik RS 95/2018, 49/2019, 92/2023, 109/2025, 35/2026 · Art. 23(3)in force 2026-01-01

Rates and terms as set in the cited law or regulation; agreements with individual projects can differ. Not legal or tax advice.

Mines and facilities (6)

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