3.3 C
London
March 2, 2024
CNBC videos

Why Mining Giant Rio Tinto Is Benefitting From The EV Boom

Copper mines, like this one in Utah, are on the frontline of America’s transition to clean energy. This site, owned and operated by mining giant Rio Tinto, produces roughly 200,000 metric tons of copper annually — with room to grow. Global demand for copper, a major component of EVs, is expected to almost double from 25 million metric tons to nearly 49 million metric tons by 2035. But miners face a multitude of issues as they ramp up production, not least of which includes mitigating environmental damage, addressing the concerns of the local stakeholders, and operating in remote regions of the world.

Based in the UK, Rio Tinto is one of the world’s largest mining companies with projects in 35 countries. In addition to its 17 iron ore mines in Western Australia that produce material used in steel, its products include aluminum, diamonds, and boron, a component in fertilizer and smartphones. Historically miners have been known for their environmental impact but today are increasingly recognized as crucial players in the transition to green energy. So what is Rio Tinto doing to ramp up production of its critical minerals business and how will China’s economic slowdown impact its iron ore sector? CNBC got a behind the scenes look at Rio Tinto’s Utah operation to find out.

Chapters:
0:00-3:02 Intro
3:02-6:25 Chapter 1 Kennecott
6:26-8:36 Chapter 2 History
8:37-10:58 Chapter 3 Mining challenges
10:59:13:30 Chapter 4 Automation in mining

Produced and Shot by: Shawn Baldwin
Edited by: Darren Geeter
Supervising Producer: Jeniece Pettitt
Additional Camera: Katie Brigham, Magdalena Petrova
Animations: Christina Locopo
Narrated by: Robert Ferris
Additional Footage: Getty Images, Rio Tinto

» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision

About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC

#CNBC

Why Mining Giant Rio Tinto Is Benefitting From The EV Boom

Related posts

Why Airplane Seats Are Getting Bigger And Fancier Again

TheCompanies

How American truckers are combating cargo theft #Shorts

TheCompanies

Can NYC Taxis Survive Uber And Lyft?

TheCompanies
Barclays1_logo_300
stripe1_300
paypal_300
wise_300

2022 © TheCompanies *All rights reserved

Pin It on Pinterest

Share This