April 18, 2024

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.

World demand for copper, a significant element of electrical autos, is anticipated to develop from 25 million metric tons to almost 49 million metric tons by 2035, based on S&P World.

However miners face a large number of points as they ramp up manufacturing, together with addressing the issues of native stakeholders, mitigating environmental injury and working in distant areas of the world.

“There’s going to be an actual downside with this transition over the subsequent ten years,” mentioned Tyler Broda, metals and mining analyst for RBC Capital Markets. “It is vitally, very arduous for these corporations to even keep the extent of manufacturing that they’ve in the intervening time.”

Collectively primarily based in Australia and the UK, Rio Tinto is without doubt one of the world’s largest mining corporations 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 element utilized in smartphones. 

So what’s Rio Tinto doing to ramp up manufacturing of its essential minerals enterprise? CNBC received a behind the scenes have a look at Rio Tinto’s Utah operation to seek out out.

Watch the video to study extra.