Eurasian Resources Group enters into a principal agreement with China's NFC to complete the construction of its project in Africa; EXIM and ICBC to support the financing, Sinosure to provide the insurance
S&P Global FEATURE: Vertical integration, digitization needed for EV battery supply train traceability
S&P Global gives attention to Eurasian Resources Group and Metalkol in an article exploring how digitization could improve battery supply chain traceability, noting that the electric vehicle industry needs the whole-hearted support of the environmental, social and governance-investor community to succeed. The article quotes ERG CEO and co-chair of the Global Battery Alliance Benedikt Sobotka as saying, “Cobalt's role in the world economy is only set to increase as it is a key ingredient in lithium-ion batteries for electric vehicles and energy storage which will power the green recovery. It is vital that the cobalt in these products is sourced responsibly and sustainably, and we have committed to this through our Clean Cobalt Framework, the Cobalt Industry Responsible Assessment Framework and the RMAP.”
The full article is available here.