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

Resilinc

In the competition to source critical minerals, there are few commodities as strategically important as cobalt. Like Resilinc’s EventWatch supply chain disruption monitoring service, CommodityWatch AI monitors over 4 million data sources in more than 100 languages to identify trends that may affect supply, demand, and pricing of commodities.

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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. The post Ethical sourcing risks pose challenge to electric vehicle market appeared first on Resilinc.

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Copper in flux

Resilinc

Less than four months ago, copper was setting record prices and experts were forecasting long-term supply gaps due to a collision between the growing demand for copper in clean-power technologies and the cost and difficulties of developing new mines. Where new copper sources will come from is an issue of major concern geopolitically.

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Demand for low-carbon metals heats up

Resilinc

As covered previously on Resilinc’s blog (see Driving domestic production of critical minerals and Ethical sourcing risks pose challenge to electric vehicle market), the ESG concerns of activists and investors dovetail with the security worries of bipartisan leaders in the White House and Congress.

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

NC State SCRC

The authors then used industry sources to project demand and revenue for thee fossil fuels (oil, gas, coal) vs. seven “green” metals (aluminum, cobalt, copper, lithium, nickel, silver and zinc) that are critical to building an energy economy. Copper and nickel would require $250-300bn in capex before 2030.

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The (Potential) Value of Labeling in the Lithium Ion Battery Supply Chain

The UCLA Anderson Global Supply Chain Blog

Image source: “Electric Vehicle Outlook 2018 | Bloomberg New Energy Finance.” 3] The search for more raw materials has led suppliers to source irresponsibly from unstable emerging markets. Image source: ResearchGate. Image source: ResearchGate. Bloomberg NEF, 2018, about.bnef.com/electric-vehicle-outlook/#toc-download.

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An update on copper

Resilinc

Growing scrutiny of ESG impacts of mining is strengthening demand for sustainably sourced metals —but IEA worries that “higher-performing supply chains may not be sufficient to meet demand.” Declining ore quality from Chile, the top producing country, will lead to higher energy usage and costs for processing, according to IEA.