Global Miner Rio Tinto Signs Agreement Tinto To Provide Aluminium Marubeni Corp.

Rio Tinto and Japanese trading house Marubeni Corp announced on Thursday that they had agreed to conduct the first sale of high purity aluminium to a Japanese customer.

The agreement on low-carbon aluminium comes as Japan strives for zero net carbon emissions by 2050 through solutions such as wind and solar power, as well as carbon capture and storage.

Rio Tinto's RenewAl high-purity aluminium was produced at a renewable-energy-powered New Zealand aluminium smelter and sold to a Japanese buyer to reduce carbon emissions through the supply chain, according to Marubeni.

Rio Tinto and Marubeni announced the agreement as part of a new strategic collaboration agreement aimed at delivering Rio Tinto's responsible aluminium products to Japanese companies.

They did not reveal the buyer's identity or the value of the transaction.

Marubeni Corporation is a Japanese general trading company headquartered in Nihonbashi, Chuo. It is one of the largest sogo shosha, with market share leadership in cereal and paper pulp trading, as well as a strong electrical and industrial plant business. Marubeni belongs to the Mizuho keiretsu.