BMW Group sources sustainable cobalt worth around €100M from Morocco for fifth-gen batteries

Green Car Congress

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. The two companies already signed a memorandum of understanding on the direct purchase of cobalt from Morocco in Marrakesh in January 2019.

Roskill: Spread of COVID-19 threatens cobalt supply; bottlenecks out of DRC

Green Car Congress

Roskill has so far recorded the closure of 21 operations as a result of the outbreak, including: Vale’s Voisey’s Bay and Glencore’s Sudbury in Canada; Ambatovy in Madagascar; Coral Bay and Taganito in the Philippines; CTT in Morocco. With the exception of production in Morocco and artisanally mined cobalt in DRC, most cobalt is mined as a byproduct of copper or nickel.

2020 81
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

BMW boosts CATL battery order to €7.3B, signs €2.9B battery order with Samsung SDI

Green Car Congress

Andreas Wendt, member of the Board of Management of BMW AG responsible for Purchasing and Supplier Network. The BMW Group will source the cobalt needed as a key raw material for cell production directly from mines in Australia and Morocco and make it available to CATL and Samsung SDI. The BMW Group is deepening its existing business relationships with battery cell manufacturers CATL (Contemporary Amperex Technology Co. Limited) and Samsung SDI.

2019 77

BMW Group signs €540M supply contract with Ganfeng for lithium from mines in Australia

Green Car Congress

Andreas Wendt, member of the Board of Management of BMW AG responsible for Purchasing and Supplier Network. For the BMW Group’s purchasing experts, ethically responsible raw material extraction and processing begins at the mines themselves. Cobalt will be sourced directly from mines in Australia and Morocco in the future. As part of its electromobility expansion, the BMW Group is deepening its existing business relationship with Ganfeng Lithium based in Jiangxi (China).

2019 60

IEA: Estonia is pioneering technologies for more efficient and cleaner use of oil shale

Green Car Congress

There are also significant reserves in Jordan, Morocco, Sweden, Syria and Turkey. In the US state of Utah, Eesti Energia purchased Oil Shale Exploration Company in 2011. An article in the latest issue of IEA Energy: The Journal of the International Energy Agency reports that Estonia, which has the most developed oil shale industry in the world, is collaborating in pursuing wider use of oil shale in a cleaner, more sustainable manner. Different that shale oil—i.e.,

Ricardo study predicts that BRIC automotive markets will be eclipsed by the “Rising-15”

Green Car Congress

Ricardo’s Rising-15 automotive markets include: Argentina; Egypt; Indonesia; Iran; Malaysia; Mexico; Morocco; Nigeria; Peru; the Philippines; South Africa; Thailand; Turkey; Ukraine; and Vietnam. While demand falters, however, not all sectors are being affected equally, with lifestyle, premium and budget vehicles performing significantly more strongly than the squeezed mid-market sector brands previously favored by middle-class purchasers. Positioning the Rising 15.

2013 74

Nissan Forecasts US$2.9B Loss for Fiscal Year; Cuts Planned Production by 20%

Green Car Congress

Joint manufacturing projects with Alliance partner Renault in Morocco and India will be revised. In Morocco, Nissan will suspend its participation in the industrial project near Tangiers. The focus is on future investments in products, technology, support functions and purchasing cost reductions. Saikawa retains his responsibility for purchasing and adds responsibility for the company’s affiliates.

2009 60