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Stock impact report

Rio Tinto CATL Deal Highlights Push Into Circular Battery And Mining Model [Yahoo! Finance]

Rio Tinto Plc (RIO) 
US:NYSE Investor Relations: riotinto.com/investors-87.aspx
Company Research Source: Yahoo! Finance
Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. Rio Tinto Group (LSE:RIO) and battery giant CATL have signed a Memorandum of Understanding to work together on battery recycling and zero carbon mining. The partnership focuses on electrification of mining operations, development of a circular mineral economy, and battery supply chain collaboration. The agreement marks a new phase in Rio Tinto's decarbonisation efforts that goes beyond previously reported lithium financing and infrastructure initiatives. Rio Tinto's new partnership with CATL comes with the shares at £67.91 and a return of 13.4% year to date. Over the past year the stock is up 52.3%, while the 3 year and 5 year returns stand at 53.0% and 84.1%, respectively. This context helps frame how the market has recently treated LSE:RIO as it moves further into low carbon and battery related projects. For investors following the mining and battery value chains, t Show less Read more
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