Strategic Supply Chain Partnership Established by Rio Tinto and Green Lithium

2 min read | October 01, 2024 08:29 PM AEST | By Team Kalkine Media

Google News:

Strategic Supply Chain Partnership Established by Rio Tinto and Green Lithium — Image source: Shutterstock

Recent News

ASX Gains on Hormuz Relief and Gold Safe-Haven Demand

Healthcare Stocks Back in Focus as Device and Diagnostics Trends Gain...

Small Cap Gold Miners Shine as Gold Cycle Strengthens

Healthcare Stocks Back In Focus As Market Searches For Stability

Make Kalkine Media
My Trusted Source

Highlights

Partnership Formation: Rio Tinto and Green Lithium are collaborating to establish a lithium supply chain to support the UK and EU automotive sectors.
Refinery Development: Green Lithium plans to construct a large-scale lithium refinery on Teesside aimed at producing battery-grade lithium chemicals.
Sustainability Focus: The initiative aims to enhance the supply of low-carbon lithium, facilitating the adoption of electric vehicles (EVs) and sustainable energy solutions.

Rio Tinto Ltd (OTC:RTNTF) is partnering with UK refinery developer Green Lithium to advance a lithium supply chain tailored for the UK and EU automotive and manufacturing sectors. The collaboration was formalized through a Memorandum of Understanding (MoU) signed on Tuesday.

Sean Sargent, CEO of Green Lithium, emphasized that the construction of their refineries will significantly boost the availability of low-carbon, battery-grade lithium chemicals, thereby accelerating the adoption of electric vehicles (EVs) and sustainable energy storage solutions. This reflects a broader commitment to meet the growing demand for sustainable energy sources.

Philippe Bourdages, Vice President of Minerals Sales at Rio Tinto, remarked that the partnership represents a crucial milestone in their objective to develop an end-to-end battery metals supply chain in Europe. He noted that this collaboration aims to support the widespread rollout of green battery technology, addressing the substantial market demand across Europe.

Green Lithium’s plans include building a large-scale lithium refinery on Teesside, which will leverage advanced processing technology to manage high volumes of hard-rock, unrefined lithium mineral spodumene concentrate. This strategic initiative is poised to enhance the local supply of lithium, critical for the burgeoning EV battery market in the UK and EU, while also contributing to the region's sustainability goals.

4o mini

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.