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Rio Tinto and AMG Metals & Materials to assess low-carbon aluminium project in India

1. Rio Tinto partners with AMG M&M for low-carbon aluminium project in India. 2. Potential to develop 1 million tonnes per annum of primary aluminium.

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Why Bullish?

This partnership aligns with the global shift towards sustainable energy, potentially boosting RIO's market position. Historical examples show that companies investing in renewable projects often see a positive reception in the market, enhancing their valuations.

How important is it?

The venture into low-carbon aluminium production aligns RIO with industry trends towards decarbonization, possibly increasing investor interest. Given RIO's significant role in the metals market, such developments are crucial for its future performance.

Why Long Term?

The commitment to a sustainable project indicates long-term strategic planning, which can drive growth over time. Past investments in green technologies, like wind and solar energy, have resulted in sustained stock price appreciation.

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ALCOAAANEM
LONDON--(BUSINESS WIRE)--Rio Tinto and AMG Metals & Materials (AMG M&M), an energy transition solutions provider, have signed a Memorandum of Understanding (MOU) to jointly assess the feasibility of developing an integrated low-carbon aluminium project powered by renewable energy in India. AMG M&M is promoted by the two founders of Greenko and AM Green. Together, the parties will consider the potential development of up to a 1 million tonnes per annum (Mtpa) primary aluminium smelte.

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