This morning in metals news: several companies have collaborated on a solution that aims to allow for end-to-end cobalt traceability; meanwhile, the Associated General Contractors of America said rising materials prices threaten the economic recovery; and, lastly, the US, Canada and Mexico issued a trilateral statement on the United States-Mexico-Canada Agreement.
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Companies collaborate on cobalt traceability solution
Several companies have collaborated to launch a pilot solution, dubbed ReISource, that will allow for “end-to-end cobalt traceability.”
A majority of the world’s cobalt is mined in the Democratic Republic of the Congo. Ethical concerns regarding labor conditions for cobalt miners in the country (including allegations of the use of child labor) have prompted some companies to act in an effort to shine a light on the supply chain, from mine to end use.
Glencore is teaming up with CMOC, Eurasian Resources Group (ERG) and battery material supplier Umicore.
“Tested in real operating conditions, from upstream cobalt production facilities in the Democratic Republic of the Congo (DRC) to downstream electric vehicle production sites, the pilot will run until the end of 2021, with the roll-out of the final solution expected in 2022,” Glencore said in a release.
Recently, MetalMiner’s Stuart Burns delved into the DRC government’s effort to clean up the artisanal mining sector (albeit with other motives, too).