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.