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As the global energy sector is expected to experience a gradual shift towards renewable energy sources, access to special metals in known resources is of growing concern within the EU and at a worldwide scale. This is a review on the Fe–Ni ± Co-laterite deposits in the Balkan Peninsula, which are characterized by multistage weathering/redeposition and intense tectonic activities. The ICP-MS analyses of those laterites indicated that they are major natural sources of Ni and Co, with ore grading from 0.21 to 3.5 wt% Ni and 0.03 to 0.31 wt% Co, as well as a significant Sc content (average 55 mg/kg). The SEM-EDS analyses revealed that fine Fe-, Ni-, Co-, and Mn-(hydr)oxides are dominant host minerals and that the enrichment in these elements is probably controlled by the post-formation evolution of initial ore redeposition. The paucity of rare earth element (REE) within the typical Fe–Ni laterite ore and the preferential occurrence of Co (up to 0.31 wt%), REE content (up to 6000 mg/kg ΣREE), and REE-minerals along with Ni, Co, and Mn (asbolane and silicates) towards the lowermost part of the Lokris (C. Greece) laterite ore suggest that their deposition is controlled by epigenetic processes. The platinum-group element (PGE) content in those Fe–Ni laterites, reaching up to 88 μg/kg Pt and 26 μg/kg Pd (up to 186 μg/kg Pd in one sample), which is higher than those in the majority of chromite deposits associated with ophiolites, may indicate important weathering and PGE supergene accumulation. Therefore, the mineralogical and geochemical features of Fe–Ni laterites from the Balkan Peninsula provide evidence for potential sources of certain critical metals and insights to suitable processing and metallurgical methods. In addition, the contamination of soil by heavy metals and irrigation groundwater by toxic Cr(VI), coupled with relatively high Cr(VI) concentrations in water leachates for laterite samples, altered ultramafic rocks and soils neighboring the mining areas and point to a potential human health risk and call for integrated water–soil–plant investigations in the basins surrounding laterite mines.

Origin of Critical Metals in Fe–Ni Laterites from the Balkan Peninsula: Opportunities and Environmental Risk