German carmaker BMW will buy cobalt, a key component for electric vehicle (EV) b...
FILE PHOTO: The BMW logo is seen on a car in Nice, France, April 8, 2019. REUTERS/Eric Gaillard
The announcement came as the London Metal Exchange launched an initiative under which it could ban or delist brands that are not responsibly sourced by 2022 to help root out metal tainted by child labor or corruption. A spokesman for mining and trading firm Glencore told Reuters his company would supply BMW with cobalt from its Australian Murrin Murrin mine, which last year produced 2,900 tonnes of cobalt.
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