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The reality of green energy: “green metal” supply chains won’t be able to keep up

NC State SCRC

The IEA predicts about a seven fold increase of such “green metals” by 2030. of the lithium reserves and a quarter of its copper deposit, much in the Atacama desert – see picture of the flats above); Third, the Congo which has 46% of global cobalt reserves and produces 70% of the world’s output.

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Chief Green

Supply Chain Movement

Since then, evidence has emerged of other huge fires in Africa’s Congo Basin forest, Siberia and Indonesia. It is aimed at halving Unilever’s environmental footprint caused by the manufacture and use of products by 2030 without hampering company growth.

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Shining a Light on the EV Supply Chain: A Poor Environmental and Human Rights Record

NC State SCRC

S&P Global Mobility forecasts electric vehicle sales in the United States could reach 40 percent of total passenger car sales by 2030 , and more optimistic projections foresee electric vehicle sales surpassing 50 percent by 2030. The IEA predicts about a seven fold increase of such “green metals” by 2030.

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How the Inflation Reduction Act’s EV Tax Credit Will Reshape Supply Chains

QAD

EU Net Zero Industry Act: This package proposed in March 2022 sets a 40% by 2030 domestic production target for batteries, solar panels and several other clean energy technologies for use in the EU. This means that by 2030, 40% of all batteries and other eligible clean energy products installed in the EU should also be produced there.

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4 Crucial Commodities to Watch in 2023

Resilinc

Presently, The Democratic Republic of Congo (DRC) is the top producer of cobalt—making 71% of the world’s supply. Department of Energy), global demand for lithium-ion batteries is expected to increase more than 5X by 2030. Now, the leading use of cobalt is rechargeable battery electrodes.

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Ethical sourcing risks pose challenge to electric vehicle market

Resilinc

The Democratic Republic of Congo (DRC), which supplies most of China’s and the world’s cobalt raw materials, is also the focus of intense scrutiny over child labor in cobalt mining, according to the Wilson Center.

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Big Tech and Auto Battle for the World’s Cobalt Resources

Elementum

The Democratic Republic of Congo holds the most global cobalt reserves , at around 3.5 Traditionally, companies like Apple haven’t purchased the metal directly from mines, but through brokers like China’s Congo Dong Fang Mining. Cobalt demand will exceed supply by 42% in 2025 and 170% in 2030. million metric tons.