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16:08 CT – The shareholder now asks if Tesla would be open to extending its vehicle’s financing terms. Elon Musk notes that the banks are the ones that are deciding on its vehicles’ financing. 15:42 CT –”Tesla is not immune to the global economic environment,” Musk cautioned. It’s going well,” Musk said.
The CEO also adds that Tesla’s finances should be even better, especially as FSD matures. A member of the Sisters of Good Shepherd New York cites the human rights impact of cobalt, a controversial material that still sees child labor in the Congo region. A diverse workforce is shown to create a more innovative environment,” she said.
The Board of Directors for LitioMx comprises the head of the Ministry of Energy, who will preside over it; the head of the Ministry of Finance and Public Credit; the head of the Ministry of Economy; the head of the Ministry of the Interior; and the head of the Ministry of Environment and Natural Resources.
For example, two-thirds of all cobalt production happens in the Democratic Republic of the Congo (DRC). It has also contributed to environment degradation, landscape damage and soil contamination, groundwater depletion and pollution. This has forced local quinoa farmers and llama herders to migrate and abandon ancestral settlements.
Volkswagen says that it is actively engaging in improving artisanal cobalt mining conditions in the Democratic Republic of Congo (DRC) as well as the living conditions for people in the surrounding communities. Artisanal mining involves risks to the environment and people.
As part of a cross-industry initiative, the BMW Group, BASF SE, Samsung SDI and Samsung Electronics have launched a joint cobalt pilot project in the Democratic Republic of the Congo. This fully privately financed project seeks to pilot an approach to address challenges in artisanal mining.
The aim of the University of Alaska-Anchorage and University of Massachusetts-Amherst study will be to investigate the impacts of lithium extraction on the hydrologic environment in Latin America. BASF SE is contributing to finance the study. Two-thirds of the world’s lithium reserves are found in Latin America.
The trading agreement includes the provision of finance by Trafigura to fund the creation of strictly controlled artisanal mining zones, the installation of ore purchasing stations and costs related to the transparent and traceable delivery of cobalt hydroxide to Trafigura on an export cleared basis.
By collaborating with other leading industries in this network, our intent is to use state-of-the-art technology to ensure materials produced for our vehicles will help meet our commitment to protecting human rights and the environment. —Lisa Drake, vice president, global purchasing and powertrain operations, Ford Motor Company.
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