The German carmaker and Chilean copper mining company Codelco want to jointly approach a sustainable and transparent supply of copper. A related contract has been signed.
Regarding its electrification strategy (including 12 new EVs and 13 PHEVs within eight years), BMW says it will need additional 20,000 tons of cooper until 2025. That is, why Thomas Thym, head of BMW Group Strategy, Purchasing and Supplier Network, calls the cooperation a “significant milestone”. He states: “Copper is and remains a very important raw material in the automotive industry. Therefore, we are very pleased to have the opportunity together with Codelco to be able to advocate sustainable standards in the copper supply chain.”
The agreement signed by both partners includes the introduction of a so-called Responsible Copper Initiative. “This includes the promotion and coordination of the global copper industry (from mining to manufacture and processing) as well as other stakeholders such as associations, NGOs, producers and end users in the Responsible Copper Initiative”, according to BMW.
In 2017, the German carmaker utilized 42,000 tons of copper worth more than 200 million euros.
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