Remove Congo Remove Environment Remove Financing Remove International
article thumbnail

UN report highlights urgent need to tackle impact of EV battery production boom

Green Car Congress

For example, two-thirds of all cobalt production happens in the Democratic Republic of the Congo (DRC). It has also contributed to environment degradation, landscape damage and soil contamination, groundwater depletion and pollution.

Batteries 545
article thumbnail

EGC enters trading agreement with Trafigura with the aim to transform the ASM cobalt mining sector in DRC

Green Car Congress

The trading agreement includes the provision of finance by Trafigura to fund the creation of strictly controlled artisanal mining zones, the installation of ore purchasing stations and costs related to the transparent and traceable delivery of cobalt hydroxide to Trafigura on an export cleared basis.

Congo 221
article thumbnail

Ford, Huayou Cobalt, IBM, LG Chem, RCS Global launch blockchain pilot to address concerns in strategic mineral supply chains; cobalt to start

Green Car Congress

By collaborating with other leading industries in this network, our intent is to use state-of-the-art technology to ensure materials produced for our vehicles will help meet our commitment to protecting human rights and the environment. —Lisa Drake, vice president, global purchasing and powertrain operations, Ford Motor Company.

Supplies 186