1st Oct 2024 12:02
Rio Tinto PLC - London-based metals processing and mining - Signs accord with Green Lithium Refining Ltd for a commercial partnership to develop a lithium supply chain. Green Lithium plans to build a lithium refinery in Teesside, England that will supply high-purity lithium chemicals to the UK and EU markets for use in batteries. This is intended to reduce European dependence on supplies from China. Rio and Green Lithium aim to build an "end-to-end value chain that provides security of supply to safeguard the UK's and EU's automotive and battery manufacturing industries", they say.
Green Lithium is in the process of raising capital from institutional investors, with the effort being led by Stifel Nicolaus Europe.
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By Tom Waite, Alliance News editor
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