Rio Tinto has started producing spodumene concentrate, a mineral used in the production of lithium for batteries, at a demonstration plant in its Rio Tinto Iron and Titanium (RTIT) Quebec Operations in our metallurgical complex in Sorel-Tracy, Canada.
As electric vehicles (EVs), renewable power sources and home energy storage become more affordable and widely adopted, the world will need more of the minerals and metals that make these technologies work. To help us meet this growing need, in 2021 we launched a new Battery Materials business, which will see us add essential minerals like lithium, nickel, and tellurium to our product portfolio.
Rio Tinto and Volvo Group have signed a Memorandum of Understanding (MoU) to create a strategic partnership where Rio will supply responsibly sourced low-carbon products and solutions to Volvo Group and the companies will work towards decarbonising Rio Tinto’s operations through piloting Volvo Group’s sustainable autonomous hauling solutions.
Ford Motor Company and Rio Tinto have signed a non-binding global memorandum of understanding (MOU) to jointly develop more sustainable and secure supply chains for battery and low-carbon materials to be used in Ford vehicles.
Nano One
Materials Corp., a clean technology innovator in battery materials, and Rio Tinto have agreed to enter into a strategic partnership providing iron and lithium products, collaboration, and a $10M (USD) investment into Nano One.
Rio Tinto has completed the acquisition of the Rincon lithium project in Argentina for $825 million, following approval from Australia’s Foreign Investment Review Board (FIRB).
Rio Tinto has entered into a binding agreement to acquire the Rincon lithium project in Argentina from Rincon Mining.
Rio Tinto is supporting the development of a battery ecosystem in Europe with an investment in Inobat Auto (‘InoBat’), a European-based battery technology and manufacturing company.
An excerpt from an article by Sinead Kaufman, Chief Executive Rio Tinto Minerals