Tag Archives: Cobalt

#Bloomberg: #Volvo Cars Goes for Blockchain Tech to Avoid Unethical #Cobalt


Volvo Cars will use blockchain technology to trace the origin of cobalt used in its batteries in an effort to avoid supplies produced by children and under unethical conditions.

The commodity, an important ingredient in lithium-ion batteries, is mainly extracted in Congo, which last year produced more than two-thirds of the world’s cobalt.

While the mineral is mainly taken out of the ground by large industrial mines, about 17% is dug by hand by thousands of miners operating in the southeastern Katanga region before being sold on to intermediaries, according to trading house Darton Commodities. At that point, it’s difficult to distinguish from ethically mined cobalt.

Read more at: https://www.bloomberg.com/news/articles/2019-11-06/volvo-cars-goes-for-blockchain-tech-to-avoid-unethical-cobalt

Chinese demand for cobalt raw material will be healthy this year, Jinchuan exec says

Demand for cobalt raw material in China will be healthy this year as there is “no stock” in the country, according to the head of Jinchuan International’s nickel and cobalt division.