Rio Tinto has signed a non-binding global memorandum of understanding (MOU) with Ford Motor Company to jointly develop more sustainable and secure supply chains for battery and low-carbon materials to be used in Ford vehicles.
According to Rio Tinto’s statement, the multi-materials partnership will support the transition toward a net-zero future by supplying Ford, with materials including lithium, low-carbon aluminium and copper.
The agreement will see Ford explore becoming the foundation customer for Rio Tinto’s Rincon lithium project in Argentina, which is currently in the planning phase.
“The companies will work together to strengthen the supply of low carbon aluminium for use in Ford vehicles, including metal produced using the zero carbon ELYSIS™ smelting technology and from Rio Tinto’s hydro-powered operations in Canada, helping Ford meet its commitment to the First Mover’s Coalition,” Rio said in a statement.
“Ford and Rio Tinto will also work to develop secure, domestic supply chains for Ford across other essential commodities for the energy transition from Rio Tinto’s operations in North America, including copper produced with a low-carbon footprint.”
Rio Tinto Chief Commercial Officer Alf Barrios said the agreement will allow the company to progress its commitment to work with customers to decarbonise value chains.
“We are excited to work with Ford to support the transition to net zero by supplying a range of materials it needs for electric and lower-carbon vehicles, and advance our commitment to work with customers to decarbonise our value chains,” he said.
“Rio Tinto is uniquely positioned to work with companies like Ford to develop more sustainable, traceable and secure supply chains.
“We are investing to grow in materials needed for the energy transition, and in technology and partnerships to decarbonise our business and value chains. We welcome the opportunity to strengthen our long term relationship with Ford to support its sustainability goals.”