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Steel producer Nippon Steel Corp and iron ore miner Rio Tinto have signed a Memorandum of Understanding to jointly explore, develop and demonstrate technologies to transition to a low-carbon emission steel value chain. Rio also announced an investment in a low-carbon cooperation with China Baowu.
partnership aims at reducing carbon emissions from steelmaking
Through the MoU, Rio Tinto and Nippon Steel want to extend their relationship into new areas in support of the shared goal of significantly reducing carbon emissions across the entire steel value
Rio Tinto and Baowu have a 40-year history of working together in Australia
