Rio Tinto and Ford Motor Company have signed a non-binding global memorandum of
understanding (MOU) to jointly develop more sustainable and secure supply chains for battery and
low-carbon materials to be used in Ford vehicles.
The multi-materials partnership will support the transition toward a net-zero future by supplying
Ford, one of the world’s largest automakers, with materials including lithium, low-carbon aluminium
and copper. It will allow Rio Tinto, a leading global mining and metals company, to progress its
commitment to work with customers to decarbonise value chains.
Under the agreement, Ford will explore becoming the foundation customer for Rio Tinto’s Rincon
lithium project in Argentina. Rio Tinto is currently progressing detailed planning to bring Rincon into
production and will work with Ford toward a significant lithium off-take agreement to support its
production of electric vehicles.
The companies will work together to strengthen the supply of low carbon aluminium for use in Ford
vehicles, including metal produced using the zero carbon ELYSIS™ smelting technology and from Rio
Tinto’s hydro-powered operations in Canada, helping Ford meet its commitment to the First Mover’s
Coalition.
Ford and Rio Tinto will also work to develop secure, domestic supply chains for Ford across other
essential commodities for the energy transition from Rio Tinto’s operations in North America,
including copper produced with a low-carbon footprint.
The MOU builds on Ford’s relationship with Rio Tinto as a primary aluminium raw material source for
its iconic F-150, the world’s first all aluminium body pick-up truck. The high-strength aluminium
alloys used in the Ford F-150 help improve performance and save weight, helping it to tow heavier
loads, accelerate quicker and reduce stopping distances. Now, the companies will work together
exploring what’s possible in the energy transition with models like Ford’s next-generational full-size
electric truck.
Ford Chief Industrial Platform officer Hau Thai-Tang said: “This is a powerful example of how Ford’s
proven scale and industrial expertise can be leveraged to accelerate the shift to EVs. We’re applying
years of shared knowledge and a strong relationship to support production of models customers
already know and love – and potentially to help create a new generation of EVs for millions of
customers.”
Rio Tinto Chief Commercial Officer Alf Barrios said: “We are excited to work with Ford to support the
transition to net zero by supplying a range of materials it needs for electric and lower-carbon
vehicles, and advance our commitment to work with customers to decarbonise our value chains. Rio
Tinto is uniquely positioned to work with companies like Ford to develop more sustainable,
traceable and secure supply chains. We are investing to grow in materials needed for the energy
transition, and in technology and partnerships to decarbonise our business and value chains. We
welcome the opportunity to strengthen our long term relationship with Ford to support its
sustainability goals.
