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

NC State SCRC

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. You guessed it – China – which has nabbed the biggest commercial deposits of cobalt in the Congo.

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Trade Rules are Increasingly Environmental, Social and Governance Rules

Logistics Viewpoints

The eastern Democratic Republic of the Congo has a history of conflict, where various armies, rebel groups, and outside actors have profited from mining while contributing to violence and exploitation. Conflict minerals include tin, tungsten, tantalum, and gold.

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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. And in 2021, Apple reported that 13% of cobalt shipped in its products came from recycling. Now, the leading use of cobalt is rechargeable battery electrodes. Companies that use cobalt are pushing for changes.

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Unethical Supply Chains Cost More Than Dollars and Cents

QAD

Or, consider the recent 2021 case where fast fashion maker and retailer, Boohoo , lost over a £1 billion in company value when it was uncovered that suppliers were paying less than minimum wage. In January 2021, the World Economic Forum reported that “eight supply chains account for more than 50 percent of all carbon emissions.”

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An update on copper

Resilinc

Because copper is especially sensitive to global economic expectations, copper prices are currently 30% below the highs they reached in H1 2021 and at their lowest levels since November 2020, according to WSJ. Mining Technology’s Zachary Skidmore lists a broader set of solutions to “alleviate the pressure on the [copper] supply chain.”

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How to Manage Risk and Boost Transparency in the Raw Material Supply Chain

EcoVadis

The revised standards also cover a broader range of risk, including AML, KYC, anti-terrorist financing and are compliant with the EU regulations to come into effect by 2021. So far 29, smelters/refiners follow the new standard. Increasing Due Diligence in the Cobalt Supply Chain.

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How AI is forecasting price fluctuations for raw materials and rare earth commodities

Resilinc

and other democratic countries, but it’s a growing security concern for leaders from both parties, as highlighted in the Biden Administration June 2021 supply chain report. This situation hasn’t constrained imports to the U.S.