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Charged : I know traceability has always been important in certain industries. Do you provide a lot of services to the autoindustry? I’ve been in traceability for more than 30 years—we started mostly in the pharmaceutical industry to provide traceability for FDA regulations. But the autoindustry, this is something new.
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.”
Ford is working with its international nonprofit and grantmaking partners to support and promote a pilot program that will empower women working in the copper and cobalt supply chains in the Democratic Republic of Congo (DRC). The Democratic Republic of Congo, a leader producer of cobalt, exported approximately 70% of global demand in 2020.
It started [in the autoindustry] in the 1980s from a quality management perspective, to be able to track defective parts and to know who is responsible for them. As an example, raw materials are located in different regions of the world, and 90% of the cobalt used in EV batteries comes from the Democratic Republic of Congo.
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. The autoindustry had shown signs of becoming an key source of funds, as companies such as Ford Motor Co.
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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