The Rio Tinto Limited (ASX: RIO) share price is outperforming on Wednesday amid news the company has taken a major step towards near-net zero steelmaking.
The S&P/ASX 200 Index (ASX: XJO) iron ore giant’s low-carbon iron-making process’ effectiveness has been proven at a small-scale German pilot plant. The miner is now looking to develop a larger-scale pilot plant to further assess its potential.
Right now, the Rio Tinto share price is 1.22% higher at $106.28. For comparison, the ASX 200 has lifted 0.8% at the time of writing.
Let’s take a closer look at the latest news of Rio Tinto’s BioIron process.
