article thumbnail

LIVE BLOG: Tesla 2023 Cyber Roundup (Annual Shareholder Meeting)

Teslarati

The YouTuber noted that he recently talked to a TSLA bear that still echoes talking points from 2016. The shareholder notes that Tesla should have third-party checks for child labor in cobalt mining in Congo and forced labor in China. Elon Musk actually agrees. “I

Tesla 130
article thumbnail

Eni reports important new discovery offshore Congo

Green Car Congress

miles) offshore Congo. Eni has been present in Congo since 1968 and today has an equity production of 105,000 barrels of oil per day in the country. Eni has been present in Congo since 1968 and today has an equity production of 105,000 barrels of oil per day in the country.

Congo 230
article thumbnail

Study finds cobalt supply can meet demand for EVs and electronics batteries through 2030

Green Car Congress

Roughly 60% of mined cobalt is sourced from the Democratic Republic of Congo (DRC). This upper bound on cobalt demand corresponds to 280% of world refinery capacity in 2016. The paper is published in the ACS journal Environmental Science & Technology. They found that cobalt demand is estimated to range from 235 to 430 ktonnes in 2030.

Supplies 349
article thumbnail

BMW Group adopts new approaches for a more sustainable battery cell supply chain; focus on cobalt

Green Car Congress

The BMW Group has now set itself the goal of enhancing the transparency of its battery cell supply chain and exploring options for model projects in the Democratic Republic of Congo. Investigations led by Amnesty International in 2016 highlighted linkage of cobalt production in the DRC to child labor.

BMW 150
article thumbnail

Glencore to pay >$1.1B to resolve government’s investigation into bribery and commodity and price manipulation

Green Car Congress

According to court documents, between approximately September 2012 and August 2016, Glencore Ltd. Between approximately January 2014 and February 2016, Glencore Ltd. Between approximately 2007 and 2018, Glencore and its subsidiaries caused approximately $79.6 s manipulation of the Platts Los Angeles 380 CST Bunker Fuel benchmark.

article thumbnail

Jervois to acquire SMP nickel & cobalt refinery in Brazil; concentrate from Idaho for refining, cobalt metal back to US

Green Car Congress

It was placed on care and maintenance by CBA in 2016, when CBA also placed its Niquelandia mine and processing plant in Brazil on care and maintenance due to prevailing market conditions at the time. SMP Refinery is a nickel and cobalt electrolytic refinery designed and constructed by Outotec that commenced operations in 1981.

Idaho 259
article thumbnail

Verifying the origin of EV battery materials at the source: Traceability challenges, Part Two

Charged EVs

I joined BV in 2016. As an example, raw materials are located in different regions of the world, and 90% of the cobalt used in EV batteries comes from the Democratic Republic of Congo. Before that, I worked for the PSA Group [now Stellantis] for eleven years. I finished my career at PSA being an electric vehicle project manager.

Parts 83