GM and mining large Glencore have introduced a multi-year sourcing settlement beneath which Glencore will provide GM with cobalt from its Murrin Murrin operation in Australia, for use in GM’s Ultium battery cathodes.
Each Glencore and GM are members of the Accountable Minerals Initiative (RMI), and Glencore’s Murrin Murrin operation conforms to the OECD-aligned Accountable Minerals Assurance Course of.
“GM and our suppliers are constructing an EV ecosystem that’s targeted on sourcing important uncooked supplies in a safe sustainable method,” mentioned Jeff Morrison, GM VP, World Buying and Provide Chain. “Importantly, given the important function of EVs in decreasing the carbon footprint of the transportation sector, this settlement is aligned with our method to accountable sourcing and provide chain administration.”
GM has just lately introduced a number of initiatives to create a brand new and safer EV provide chain:
- GM and POSCO Chemical are constructing a brand new facility in Quebec as a part of a three way partnership to provide cathode lively materials for GM’s Ultium batteries.
- GM will procure lithium from Managed Thermal Sources’ Hell’s Kitchen Undertaking in California.
- GM is working with GE Renewable Vitality to develop a uncommon earth worth chain.
- VAC of Germany plans to construct a plant within the US to help GM’s magnet necessities beginning in 2024, together with regionally sourced uncooked supplies and completed magnet manufacturing.
Supply: GM
