China's CATL signs MOU with Rio Tinto on electrification, recycling

Reuters

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China's <a href="https://laohu8.com/S/300750">CATL</a> signs MOU with <a href="https://laohu8.com/S/RTNTF">Rio Tinto</a> on electrification, recycling

BEIJING, March 12 - Chinese battery maker CATL signed a memorandum of understanding with Rio Tinto to deepen cooperation in electrification, supply chains and broader commercial initiatives, according to a statement on CATL's Chinese social media account on Thursday.

The two companies will focus on promoting the electrification of mining operations and exploring battery material recycling and the circular development of key mineral resources.
CATL will leverage its strengths in battery technology, system integration, and new energy solutions to help Rio Tinto improve efficiency and cut emissions.

(Reporting by Xiuhao Chen and Ryan Woo; Editing by Sharon Singleton)

((Xiuhao.Chen@thomsonreuters.com))

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