[ad_1]
like copper mines Rio Tinto’s The Bingham Canyon Mine on the outskirts of Salt Lake City is at the forefront of America’s transition to clean energy.
Global demand for copper, a key component of electric vehicles, is expected to grow from 25 million metric tons to about 49 million metric tons by 2035, according to S&P Global.
But miners face many issues in scaling up production, including addressing the concerns of local stakeholders, minimizing environmental damage and operating in remote areas of the world.
“There’s going to be a real problem with this transition over the next ten years,” said Tyler Broda, metals and mining analyst at RBC Capital Markets. “It is very difficult for these companies to maintain their production levels at this time.”
Jointly based in Australia and the UK, Rio Tinto is one of the world’s largest mining companies with projects in 35 countries. It has 17 iron ore mines in Western Australia that produce the material used in steel, as well as mines that produce aluminium, diamonds and boron, an ingredient used in smartphones.
So what is Rio Tinto doing to increase production at its critical minerals business? CNBC got a behind-the-scenes look at Rio Tinto’s Utah operation to find out.
Watch the video to learn more.
