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EV supply chain companies pilot blockchain solution for cobalt traceability

Metals and mining companies CMOC, Eurasian Resources Group (ERG) and Glencore, in collaboration with battery material supplier Umicore, are piloting Re|Source, a solution to trace responsibly produced cobalt from the mine to the EV. The pilot will be tested in real operating conditions, from upstream cobalt production facilities in the Democratic Republic of the Congo (DRC) to downstream EV production sites. It will run until the end of 2021, and the roll-out of the final solution is expected in 2022.

The solution is an industry partnership to accelerate sustainable practices for every unit of cobalt that is mined, processed and used in end products. It was designed with the direct input of responsible sourcing and supply chain experts from all participating companies.

Glencore CEO Ivan Glasenberg said, “Blockchain technology offers us an unprecedented ability for traceability in the supply chain. Through this pilot, we are supporting the development of this tool for our customers who seek to understand and demonstrate the origin of the cobalt units in their products.”

Source: Glencore

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