Green Lithium and Rio Tinto Sign Agreement to Develop Lithium Supply Chain

Green Lithium Refining Limited, a British low-carbon lithium refinery developer, announced on Tuesday that it has signed a memorandum of understanding (MoU) with mining giant Rio Tinto. The agreement aims to establish a commercial partnership to develop a lithium supply chain that will enhance the security of supply for the UK's and EU's automotive and battery manufacturing sectors.

Through this partnership, both companies will work towards building an end-to-end lithium value chain, which is critical for the growing electric vehicle (EV) and battery industries in Europe. This collaboration is expected to bolster the availability of low-carbon, battery-grade lithium chemicals, which are essential for sustainable energy storage and the increased adoption of EVs.

Sean Sargent, CEO of Green Lithium, emphasized the importance of this partnership in addressing climate change. "The EV and battery revolutions are fundamental to reducing the carbon emissions that contribute to global climate change. By building our refineries, we will accelerate the adoption of EVs and sustainable energy storage through the increased supply of low-carbon, battery-grade lithium chemicals. Fulfilling this vision requires the right partners, and in Rio Tinto we have found an exceptional potential commercial partner."