Deals Counterparts

Rio Tinto and CATL partner on mining electrification and battery material circular solutions

Partnership Mining announced Mar 7, 2026
development
Stage

Mining group Rio Tinto and battery manufacturer CATL signed a letter of intent to cooperate on the electrification of mining operations and the development of circular solutions for battery materials.

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Deal Analysis

Global mining group Rio Tinto is tapping battery manufacturing leader CATL to tackle the electrification of its operations. This isn't just about buying batteries; the partnership extends to developing circular solutions for battery materials, a key step for sustainable resource management. For Rio Tinto, it's a direct path to decarbonizing heavy machinery, while CATL gains a significant industrial partner to expand its battery technology applications beyond electric vehicles and energy storage. This collaboration, currently in development, highlights the growing convergence of mining and advanced battery technology as industries seek greener supply chains.
  • Global mining group Rio Tinto partnering with battery leader CATL.
  • Focus on electrifying mining operations and developing circular battery material solutions.
  • Deal status: announced partnership, currently in development, value undisclosed.

Source Intelligence

KEY DETAILS

The agreement takes the form of a non-binding memorandum of understanding. CATL aims to support Rio Tinto’s decarbonisation strategy by contributing its battery technologies and system integration expertise. Rio Tinto could supply raw materials to CATL. The partners intend to explore scalable solutions for zero-carbon mining operations.

Announcement
By Sebastian Schaal 07.03.2026 - 17:00
Signing
Mining group Rio Tinto and battery manufacturer CATL have signed a letter of intent
PARTIES MENTIONED IN SOURCE
R
Rio Tinto developer

"Mining group Rio Tinto"

C
CATL developer

"battery manufacturer CATL"

medium quality Enriched Mar 9, 2026

Timeline

Announced
Mar 7, 2026
Signed
Mar 7, 2026
Closed

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