Rio Tinto is in talks to move into the next phase of an agreement with Apple, Ch...
WEIPA, Australia - Rio Tinto is in talks to move into the next phase of an agreement with Apple, Chief Executive Jean-Sebastien Jacques said on Friday, as the miner looks to transition its aluminum business to tap a low-carbon economy.
Bauxite is the raw material for aluminum, which is used in everything from beer cans to aeroplanes and is expected to gain greater use in a decarbonizing economy as a lightweight alternative to steel. However, it is still one of the most carbon-intensive metals to produce. Rio, which has pledged substantial decarbonization by 2050, is reshaping its aluminum division longer term to focus on supply chain transparency and lowering emissions, Jacques said.
The miner has also taken steps to have its Amrun bauxite mine certified by a scheme that signifies it is ethically sourced, given its land use, heritage and working agreements with local indigenous groups.
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