Rio Tinto commits $302mln to Resolution Copper project amid electromobility boom

Rio Tinto has committed $302 million of additional capital to advance its Resolution Copper project in the US state of Arizona, a mine that the company envisages will provide raw materials to help fuel the electromobility boom.

When fully operational, Resolution – a joint venture in which Rio Tinto has a 55% stake and BHP Billiton has the remainder – has the potential to supply nearly 25% of the United States’ copper demand. “The rise of electric vehicles, battery storage, new transmission technology and other green energy innovations are highly copper intensive. We...

Published

Andrea Hotter

April 15, 2019

14:58 GMT

New York