Northvolt Eyes Sustainable Cobalt Sourcing from DRC
Swedish battery manufacturer Northvolt announced its intention to explore sourcing cobalt, a crucial component in electric vehicle (EV) battery production, from the Democratic Republic of Congo (DRC).
The company has conducted trials, studied work processes, and compared plans to enhance both social and environmental sustainability, seeking long-term partnerships.
Chief Environmental Officer Emma Nehrenheim expressed confidence in engaging with sourcing agreements within the year during a Reuters phone interview, though no specific timeframe was provided.
Stakeholders’ requests prompted Northvolt to directly engage with miners and other parties to improve working conditions in the impoverished African country.
While currently obtaining cobalt from Australia and other nations, Northvolt emphasized the strategic importance of finding reliable, high-quality material at an affordable cost. Nehrenheim stressed the desire for the DRC to become part of their supply chain.
Congo, the world’s leading cobalt supplier, relies significantly on artisanal miners operating in harsh conditions. Northvolt acknowledged ongoing discussions with local stakeholders involved in both large-scale mining and artisanal and small-scale mining (ASM).
Although not currently sourcing ASM cobalt, Northvolt joined the Fair Cobalt Alliance, aiming to enhance safety, minimize environmental impact, and create suitable working conditions for artisanal miners.
While electric vehicle makers explore alternative battery chemistries, over two-thirds of the EV battery market still utilizes cobalt for its energy density, safety, and performance attributes.
Northvolt, having secured substantial funding for factories in Europe and North America, along with over $55 billion in contracts from carmakers, is committed to establishing sustainable and responsible supply chains.
SOURCE:Reuters
