BMW Group sources sustainable cobalt worth around €100M from Morocco for fifth-gen batteries
Green Car Congress
JULY 10, 2020
The cobalt market has four types of cobalt produced: cut cathode; broken cathode; briquettes and powder; ingot and round, according to Sam Wang, trading and product manager for Manatrade AG, the marketing and trading arm of Managem Group.). The two companies already signed a memorandum of understanding on the direct purchase of cobalt from Morocco in Marrakesh in January 2019. The BMW Group has also localized battery production in Thailand, where it works with the Dräxlmaier Group.