BMW To Buy Cobalt Direct From Australia, Morocco For EV Batteries

www.oann.com | 4/8/2019 | Staff
smnth28 (Posted by) Level 3
PARIS (Reuters) – German carmaker BMW will buy cobalt, a key component for electric vehicle (EV) batteries, directly from mines in Australia and Morocco to ensure they are not produced by child labor, an executive said on Tuesday.

The announcement came as the London Metal Exchange (LME) launched an initiative under which it could ban or delist brands that are not responsibly sourced by 2022 to help root out metal tainted by child labor or corruption.

Andreas - Wendt - BMW - Board - Member

Andreas Wendt, BMW board member responsible for procurement, told a briefing in Paris that the new supply of cobalt...
(Excerpt) Read more at: www.oann.com
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