Rio Tinto (NYSE:RIO) said it has a plan to raise EBITDA, margin and return on capital employed for its aluminum business by five percentage points by 2030 by cutting costs, increasing its footprint in recycled aluminum and switching to lower-cost renewable power,

The world’s second-biggest mining company by market value aims to improve the margins in its aluminum business by lowering costs, increasing its footprint in recycled aluminum, and switching to lower-cost renewable power.

Rio Tinto Plc aims to start churning out copper from a long-delayed mining project in Arizona by the end of the decade, according to Chief Executive Officer Jakob Stausholm. Most Read from BloombergNJ Transit,