Amazon.com Inc.’s (AMZN) AWS Struck a Deal with Rio Tinto Group, Bloomberg Reported

Amazon.com, Inc. (NASDAQ:AMZN) is one of the Best Quantum Computing Stocks to Buy for 2026. On January 15, Bloomberg reported that Amazon.com Inc.’s (NASDAQ:AMZN) Amazon Web Services struck a deal with Rio Tinto Group to utilise copper from an Arizona mine in the US data centers. Notably, the tech giant would be the first customer for copper produced with the help of Rio’s Nuton bioleaching technology.

Bloomberg further added that, under the 2-year agreement, AWS would use copper from Gunnison Copper Corp.’s Johnson Camp mine, where Rio’s Nuton is a strategic partner. Also, AWS will provide cloud-based data and analytics to optimize the performance of Nuton technology.

This arrangement highlights the importance of copper, spanning from renewable power to AI. Bloomberg also noted that analysts continue to warn of a supply squeeze, with producers struggling to meet demand growth.

Elsewhere, on January 15, Raymond James reduced its price objective on Amazon.com, Inc. (NASDAQ:AMZN)’s stock to $260 from $275, while keeping an “Outperform” rating, as reported by The Fly. As per the analyst, the outlook for Q4 2025 seems to be positive, thanks to healthy holiday trends, favorable ad checks, and beatable AWS expectations.

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Disclosure: None. This article is originally published at Insider Monkey.