Volkswagen joins Cobalt for Development initiative
Volkswagen has joined the Cobalt for Development initiative to promote more sustainable cobalt mining in the Congo. The project is being implemented by the German Society for International Cooperation (GIZ) and has so far been financed by BASF, BMW, Google, Samsung Electronics and Samsung SDI.
Sono Motors and Tesla join Fair Cobalt Alliance
Munich-based start-up Sono Motors is the first electric vehicle manufacturer to become a member of the Fair Cobalt Alliance. The action platform is an initiative to promote fairer cobalt mining practices in small-scale mining in the Democratic Republic of Congo.
Glencore to supply Tesla with Cobalt
Glencore is apparently going to supply Tesla’s Gigafactory in Shanghai and the planned plant in Brandenburg with cobalt from the Congo. A recent article in the Financial Times already mentions concrete quantities to be delivered to Tesla.
BMW is changing their resource strategy
The BMW Group is changing its strategy for purchasing raw materials for electric cars. In the case of important materials such as lithium and cobalt, intermediaries are to disappear from the supply chain.
Volvo banks on Blockchain for cobalt transparency
Volvo wants to use blockchain technologies to increase transparency regarding the origin of the cobalt used in the batteries of their electric cars. The first project in China, the home country of Volvo’s mother company Geely, has now been launched.
BMW to stop purchasing Congo cobalt in 2020/21
According to Andreas Wendt, the board member responsible for purchasing at BMW, the company will no longer purchase cobalt from the Democratic Republic of Congo with the introduction of the fifth generation of electric vehicles from 2020/21.
Cobalt now classed “strategic” substance in Congo
The Democratic Republic of Congo has classified cobalt a “strategic” substance, meaning miners will pay nearly three times the royalty rate than before on the key component in electric vehicles batteries. The rate is now at 10 percent, states a government decree.
BMW, BASF & Samsung want sustainable cobalt mining
BMW, BASF, Samsung SDI and Samsung Electronics have launched a cooperative pilot project to support sustainable and fair cobalt mining initiatives in the Democratic Republic of Congo. The German development agency GIZ will coordinate the project.
Panasonic to cut all cobalt from EV batteries
Tesla’s Gigafactory partner Panasonic says it is developing cobalt-free batteries to become independent of the rare and expensive material in the near future. Meanwhile, Tesla released their ‘Conflict Minerals Report’ and also aims for further reductions in cobalt use.
Samsung SDI to reduce cobalt in its batteries to zero
Leading EV battery maker Samsung has announced plans to revise its cobalt strategy. Not only will the Koreans reduce the amount of the rare resource by using nickel instead but Samsung is also working on cells that do not require any cobalt. Recycling is another measure.