Bold Baatar

Rio Tinto

Chief Executive, Copper

Bold became Chief Executive, Copper in February 2021. Previously, Bold was the Chief Executive of our Energy & Minerals (E&M) product group. Through the development of new products and markets, a responsive market approach and the successful divestment of our coal business, Bold helped drive the optimisation of our portfolio with a focus on a low carbon future and in doing so, helped generate significant shareholder value. He also re-energised the Group’s focus on Africa and drove the development of Rio Tinto Ventures, which focuses on assessing growth opportunities in the minerals and metals of the future. Bold joined Rio Tinto in May 2013 as president of Copper International Operations. He earlier held executive positions with a diversified investment management business, a gold mining company in his home country of Mongolia and as an investment banker with JP Morgan in New York and London. He was the chairman of the Mongolian Stock Exchange from 2010-12 and chairman of the Mongolian Mining Association from 2012-14.

Sessions With Bold Baatar

Wednesday, 9 March

  • 09:20am - 09:55am (CST) / 09/mar/2022 03:20 pm - 09/mar/2022 03:55 pm

    Big Shovels: Copper & commodities required for the energy transition

    Panel Energy Infrastructure/Supply Chain

    The transition from fossil fuels to renewable energy sources is disrupting the status quo. Capturing and distributing renewable energy and the shift to electric vehicles will drive soaring demand for the required minerals as the global economy undergoes consequent restructuring. The scale and speed of the mineral supply needed to meet surging demand will pose challenges, potentially delaying adoption of new low carbon technologies. Copper exemplifies the issues facing policymakers: a metal used across the value chain—in power transmission, renewable electricity generation, EV production, batteries, etc. Mounting issues around access, availability, and price may prove problematic to energy transition. Will government policies and climate goals amplify demand for copper, cobalt, nickel, lithium, rare earths, and other minerals? Will regulatory hurdles hamper investment? How severe might the mismatch between mineral supply and future demand be, globally and in the United States? How will these challenges influence the speed and direction of energy transition? How will geopolitical vulnerabilities affect production?