(Kitco News) - Rio Tinto announced today it has signed a memorandum of understanding with Volvo Group to create a strategic partnership where Rio will supply responsibly sourced low-carbon products and solutions to Volvo Group.
Moreover, according to a press-release, the companies will work towards decarbonising Rio Tinto's operations through piloting Volvo Group's sustainable autonomous hauling solutions.
Rio Tinto said that the multi-materials partnership will allow the company to progress sustainability commitments in its operations and supply chains, adding that the partnership will support Volvo Group in its ambition towards a net-zero future.
Importantly, the company noted that the partnership aims to secure supplies of materials including lithium, low-carbon aluminium, copper, and metallics.
Rio Tinto CEO Jakob Stausholm commented, "We look forward to partnering with Volvo to progress our contribution to a net-zero future, as we collaborate to deliver sustainable outcomes from the mine to the showroom floor. We will be working together to support the decarbonisation of Rio Tinto's operations and deliver low-carbon materials for use in Volvo's innovative product range, including electric and autonomous vehicles."
The companies will work together to strengthen the supply of responsibly sourced low-carbon materials such as RenewAlTM aluminium, aluminium produced using the ELYSISTM zero-carbon smelting technology, Aluminium Stewardship Initiative (ASI) certified aluminium and Copper Mark certified copper, and explore product development opportunities such as the supply of lithium for batteries.
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