New Production Target Soon, page-39

For a start bombersmadd , Serbia is not part of the European Union and hence will not be a huge obstacle to EMH . European Union likes to play in house . Rio have also stated at least no production , if they do go ahead til late 2025 , there is no chance of a hard rock share drop from 65.5% to approximately 35%. EMH are already negotiating offtakes now and I personally see 6 of them in next few months with all the usual players we know , once locked in , how do you lose market share . For a start even if we produced 200,000 tonnes of Li per annum there will be room for Rio and others in the future , as if we fully convert our ice vehicle fleet to EV the world will need 2.65 million tonnes of Li per annum in the world and a third of that in Europe .
Have no idea where you think Rio will change anything for EMH .
It also looks to be a long time that Serbia ever becomes part of the EU .

https://neweasterneurope.eu/2020/11/23/serbias-eu-bid-is-over-five-reasons-why/