Global miner Rio Tinto and battery technology giant CATL have signed a Memorandum of Understanding on the establishment of a partnership within which the two sides will focus on electrification strategy development and innovation, supply chains and the circular economy, and business and cooperation mechanisms.
The companies have engaged in deep cooperation to jointly seek new industrial opportunities brought about by the low carbon transition. Rio Tinto Group Global Purchasing President Jamie Sanders and CATL International Investment Management Department Director Luo Haining on behalf of both sides signed the MoU. Rio Tinto Group Chief Commercial Officer Bold Baatar and CATL Chief Financial Officer Zheng Shu attended and witnessed the signing.
According to the memorandum, the two sides will focus on advancing the application of electrification in mining operations, exploring commercial pathways for the recycling of battery materials and the circular development of key mineral resources, and researching circular economy practices and diverse cooperation models.
CATL will leverage its strengths in battery technology, systems integration and new energy solutions to help Rio Tinto improve operational efficiency, promote carbon reduction and electrification.
Rio Tinto Group is a leading global mining and metals company with a history of more than 150 years, covering the exploration, mining and processing of mineral resources such as iron ore, copper, aluminium and lithium. In the future, the two sides say they will jointly build zero-carbon mining solutions with global demonstration value, contributing to the deep transformation of the global energy system.
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