Global mining giant Rio Tinto, why choose CATL?

Recently, Rio Tinto Group signed a Memorandum of Understanding (hereinafter referred to as the “MOU”) with Contemporary Amperex Technology Co., Limited (300750). The two parties will carry out in-depth cooperation in three major areas: electrification strategy development and innovation, supply chain and circular economy, and business and cooperation mechanisms, jointly seizing new industrial opportunities brought about by low-carbon transformation. Jamie Sanders, President of Global Procurement at Rio Tinto Group, and Luo Haining, Head of International Investment Management at Contemporary Amperex Technology, signed the MOU on behalf of both parties. Bold Baatar, Chief Commercial Officer of Rio Tinto Group, and Zheng Shu, Chief Financial Officer of Contemporary Amperex Technology, jointly attended and witnessed the signing.

According to the MOU, both parties will focus on promoting the electrification applications in mining operations, exploring the commercial pathways for battery material recycling and the circular development of critical mineral resources, and researching practices in the circular economy and diversified cooperation models. Contemporary Amperex Technology will leverage its advantages in battery technology, system integration, and renewable energy solutions to help Rio Tinto enhance operational efficiency, promote carbon reduction, and advance the electrification process.

As a global leader in mining and metals, Rio Tinto Group has a development history of over 150 years, with businesses covering the exploration, mining, and processing of mineral resources such as iron ore, copper, aluminum, and lithium. In the future, both parties will jointly create zero-carbon mining solutions with global demonstration value, contributing to the deep transformation of the global energy system.