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Thanks to the “Buy American” requirements of the Bipartisan Infrastructure Law (BIL) and Inflation Reduction Act (IRA), and similar provisions in the EU’s new Battery Directive, traceability is becoming a critical function in the EV industry. Charged : I know traceability has always been important in certain industries.
Stellantis CEO Carlos Tavares has been very vocal in saying the speed demanded for the transition to EVs by politicians is “ beyond the limits ” of what the autoindustry can support, and worries it could end up being counterproductive. You cannot change the sources from Congo, China and other places within two to three years.”
Traceability is becoming a critical function in the EV industry, thanks to the “Buy American” requirements of the Bipartisan Infrastructure Law (BIL) and Inflation Reduction Act (IRA), and similar provisions in the EU’s new Battery Directive. Bureau Veritas is one of the largest TIC (test, inspection and certification) companies.
The Democratic Republic of Congo (DRC) accounts for approximately 70% of the world’s cobalt mine production and holds almost 50% of the world’s known reserves. The mining industry as a whole is also being held more accountable globally and parts of the global autoindustry are now focusing intently on ethical sourcing.
The low prices are making it harder for mine builders to raise money from more traditional sources as well, at a time when the industry is also grappling with rampant inflation driving up the cost to build new projects. Battery metals have been a bright spot for the mining industry in recent years. Chemaf Resources Ltd.
The Democratic Republic of Congo (DRC) accounts for approximately 70% of the world’s cobalt mine production and holds almost 50% of the world’s known reserves. The mining industry as a whole is also being held more accountable globally and parts of the global autoindustry are now focusing intently on ethical sourcing.
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