Oct 1 Reuters Australia39;s Rio Tinto has signed an agreement with UK refinery developer Green Lithium to develop a lithium supply chain securing critical battery metal supplies for the UK and EU39;s automotive and manufacturing sectors, the companies said.

By building our refineries, we will accelerate the adoption of EVs and sustainable energy storage through the increased supply of lowcarbon, batterygrade lithium chemicals, Sean Sargent, chief executive of Green Lithium, said on Tuesday.

The partnership positions both Rio and Green Lithium to capitalise on surging demand for electric vehicle EV metals.

Reporting by Roushni Nair in Bengaluru; Editing by Subhranshu Sahu

Source Reuters