The Deputy Prime Minister of the Democratic Republic of Congo (DRC) has told Swiss delegates at the COP26 climate conference in Glasgow that her country will no longer accept the export of its raw materials, notably cobalt, by commodities giant Glencore.
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Keystone-SDA/gw
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الكونغو الديمقراطية تريد وضع حد لتصدير غلينكور للكوبالت الخام من أراضيها
“[The raw materials] belong to us,” said Eve Bazaiba, who is also the DRC’s environment minister, in an interview with news platform Geneva SolutionsExternal link. “They will now have to be processed locally.”
Bazaiba said the DRC wanted a more equal trade partnership in raw materials with Switzerland. She transmitted this message to the head of the Swiss delegation at COP26, Franz Perrez, when they met for a bilateral meeting on Friday. Perrez confirmed to news agency Keystone-SDA that the subject had been discussed but did not elaborate.
“Cobalt cannot be exported, transformed and manufactured into batteries outside the country, while we are reduced to selling our teeth to afford a green vehicle,” said Bazaiba.
Glencore operates two cobalt mines in the DRC. The country supplies more than 60% of the world’s cobalt, a by-product of copper and nickel mining that forms an essential component of rechargeable batteries powering smartphones, laptops and electric cars. Artisanal and small-scale mining of cobalt has been linked to unsafe working conditions and the use of child labour.
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In her meeting with Perrez at the climate conference, Bazaiba said she also pressed Switzerland to convince other rich developed countries to honour the “polluter pays” principle, so that funds can be made available to help developing countries like the DRC fight global warming.
Disappointing turnout at climate protests
Activists in Lausanne and Zurich turned out in smaller numbers than organisers had hoped on Saturday, dubbed the Global Day of Action for Climate Justice, as the international COP26 conference of parties to the Paris Agreement reached the half-way point.
Around 500 took part in a rally in Lausanne, well below numbers of similar actions in the past, including the climate strikes of 2019 that saw more than 10,000 people converge on the French-speaking city. The protesters, from a cross-section of movements and age groups, denounced what they called “empty words” of leaders at the conference in Glasgow, where tens of thousands of demonstrators rallied on Saturday.
In Zurich, just 150 people turned up to call for “a change of system, not climate”, while in Geneva around 50 people had gathered, the Keystone-SDA news agency reported.
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Tesla to buy cobalt from Glencore for new car plants
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Tesla will buy cobalt from Glencore for use in two new car plants. in a deepening of ties between Elon Musk’s electric car maker and the Swiss mining group.
Glencore will supply Tesla’s new Shanghai Gigafactory and its planned Berlin facility with the metal used in lithium-ion batteries, according to people familiar with the matter.
The deal, which increases Tesla’s reliance on supplies from the Democratic Republic of Congo, is a boost for Glencore’s cobalt business after a two-thirds slide in the metal’s price over the past two years to about $30,000 a tonne.
Tesla said last week it supported sourcing from the DRC, one of the poorest countries in the world, “where we can be assured that minerals, including cobalt, are coming from mines that meet our social and environmental standards”.
The comments highlight how Tesla is increasingly securing its own raw materials as it expands production in China and Europe. Other carmakers, including Volkswagen, have relied on external battery producers to secure supplies of cobalt.
More than 60 per cent of the global cobalt supply comes from the DRC, where up to a fifth is mined by hand, often by children.
While Tesla uses less cobalt than rival electric carmakers, the deal with Glencore could involve up to 6,000 tonnes a year.
Buying from Glencore allows Tesla to control supply from the mine in Congo to where it is processed into battery precursor materials in China.
Tesla’s 2019 Impact Report, published last week, said the company had “made a significant effort to establish processes” to remove the risk of child labour. It added that it recognised “that mining conducted in a responsible and ethical manner is an important part of the economic and social wellbeing of those communities”.
“Tesla’s new disclosures are a positive step towards recognising the reality of copper and cobalt supply chains on the ground,” said Tyler Gillard, a senior adviser at the OECD in Paris.
Tesla said its battery cell suppliers were required to buy from refiners qualified by the Responsible Minerals Initiative, a body that produces standards for responsible sourcing. Glencore is one of only two miners in the DRC on the list to be certified by the RMI.
Tesla and Glencore declined to comment.
Shares in Tesla last week rose above $1,000 for the first time, giving it a market capitalisation of $185bn. They have since fallen back to $935.
Tesla’s battery production capacity is expected to increase 570 per cent over the next decade to 248 gigawatt hours, according to consultancy Benchmark Mineral Intelligence. One GWh of battery capacity is enough for about 18,000 electric cars on average.
Glencore, which is led by billionaire Ivan Glasenberg, is the world’s largest producer of cobalt from its two mines in the DRC and its nickel mines in Australia and Canada. Since a steep fall in cobalt prices in 2018, the miner has focused on signing long-term agreements with companies in the electric car supply chain.
Copyright The Financial Times Limited 2020
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