Copper mines like Rio Tinto’s Bingham Canyon mine on the outskirts of Salt Lake Metropolis are on the frontline of America’s transition to wash power.
International demand for copper, a serious part of electrical automobiles, is anticipated to develop from 25 million metric tons to almost 49 million metric tons by 2035, in line with S&P International.
However miners face a large number of points as they ramp up manufacturing, together with addressing the issues of native stakeholders, mitigating environmental harm and working in distant areas of the world.
“There’s going to be an actual downside with this transition over the subsequent ten years,” stated Tyler Broda, metals and mining analyst for RBC Capital Markets. “It is rather, very laborious for these firms to even preserve the extent of manufacturing that they’ve in the mean time.”
Collectively primarily based in Australia and the UK, Rio Tinto is among the world’s largest mining firms with tasks in 35 international locations. It has 17 iron ore mines in Western Australia that produce materials utilized in metal, in addition to mines that produce aluminum, diamonds, and boron, a part utilized in smartphones.
So what’s Rio Tinto doing to ramp up manufacturing of its crucial minerals enterprise? CNBC acquired a behind the scenes take a look at Rio Tinto’s Utah operation to seek out out.
Watch the video to study extra.
