Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Mining and metals company Rio Tinto has signed a memorandum of understanding (MoU) to supply low-carbon aluminum and copper to Schneider Electric in exchange for their energy and industrial services.  


Schneider Electric will use low-carbon aluminum and copper, iron ore, and borates produced by Rio Tinto for its power grids while the metals maker will use the electric company’s energy and industrial services under this agreement. 


Alf Barrios, Rio Tinto’s chief commercial officer stated in a statement on Wednesday that the partnership will aid in the acceleration of decarbonization and renewable energy solutions by combining low-carbon materials and digital technology. He added that the agreement will help the company to cut its downtime and digitize its supply chains for better efficiencies. 


The companies will also continue evaluating upcoming innovation prospects that they can partner on like renewable energy and low-carbon advances as well as green steel manufacturing, which will play a significant role in the decarbonization of the two industries. 

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