BMW Group sources sustainable cobalt worth around €100M from Morocco for fifth-gen batteries
Green Car Congress
JULY 10, 2020
The two companies already signed a memorandum of understanding on the direct purchase of cobalt from Morocco in Marrakesh in January 2019. Recently the BMW Group signed a cobalt supply contract with Moroccan mining company Managem Group ; the contract has a volume of around €100 million, said Andreas Wendt, member of the Board of Management of BMW AG responsible for Purchasing and Supplier Network. Managem is one of the world’s 5 largest producers of high-purity cobalt cathodes.