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CATL, Rio Tinto Collaborate to Advance Electrification in Mining Operations
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CATL (03750.HK) and Rio Tinto (RIO.US) inked memorandum of understanding on establishing a partnership. Both parties will engage in deep cooperation focusing on three main areas: electrification strategy development and innovation, supply chain and circular economy, and business and cooperation mechanisms, to jointly seize new industrial opportunities brought by low-carbon transformation. Pursuant to the memorandum, the two companies will anchor on advancing the electrification application in the mining operations sector, exploring commercial pathways for battery material recycling and the circular development of key mineral resources, and studying circular economy practices and diverse cooperation models. CATL stated that it will leverage its advantages in battery technology, system integration, and new energy solutions to assist Rio Tinto in enhancing operational efficiency, advancing carbon reduction, and electrification processes. In the future, the two parties will co-create a zero-carbon mining solution with global demonstration value, aiding the deep transformation of the global energy system. AASTOCKS Financial News Website: www.aastocks.com |
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