Re|Source cements partnership with Tesla
12 August 2021
Re|Source, a solution to trace responsibly produced cobalt from the mine to the electric vehicle, is proud to acknowledge the progress made by Tesla in implementing the pilot project across its supply chain. Further details can be found in Tesla’s Impact Report. Tesla has been a key partner in designing and implementing the solution, which was officially announced on 20 May 2021, across its value chain since 2019.
The pilot is being tested in real operating conditions, from upstream cobalt production facilities in the Democratic Republic of the Congo (DRC) to downstream electric vehicle productions sites. Multiple on-site pilots have already commenced in the DRC and Europe, and plans are in place to commence further pilots in Asia and the US later this year. The final pilot across the entire Tesla supply chain is expected to take place in Q4 this year. The launch of the final industry solution is expected in 2022 and is being supported by boutique block-chain technology studio, Kryha.
The founding members of Re|Source, which include CMOC, Eurasian Resources Group (ERG) and Glencore are joined by Pilot partners Umicore and other supply chain participants. The solution is also being advised by a growing number of industry associates including Norilsk Nickel and Johnson Matthey. Johnson Matthey’s participation is based on their experience in responsible sourcing.
The Responsible Minerals Initiative (RMI) and The Cobalt Institute (CI), two highly respected industry bodies with a deep understanding of the complexities involved in the cobalt supply chain, have also joined Re|Source as strategic advisors, supporting the implementation of world-class best practice standards across the pilot.
More information on Re|Source is available at www.re-source.tech
For further information please contact:
t: +41 41 709 28 80
m: +41 79 737 56 42
t: +41 41 709 24 62
m: +41 79 904 33 20
Glencore LEI: 2138002658CPO9NBH955
Notes for Editors
Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 responsibly-sourced commodities that advance everyday life. The Group's operations comprise around 150 mining and metallurgical sites and oil production assets.
With a strong footprint in over 35 countries in both established and emerging regions for natural resources, Glencore's industrial activities are supported by a global network of more than 30 marketing offices. Glencore's customers are industrial consumers, such as those in the automotive, steel, power generation, battery manufacturing and oil sectors. We also provide financing, logistics and other services to producers and consumers of commodities. Glencore's companies employ around 135,000 people, including contractors.
Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the International Council on Mining and Metals. We are an active participant in the Extractive Industries Transparency Initiative. Our ambition is to be a net zero total emissions company by 2050.
The companies in which Glencore plc directly and indirectly has an interest are separate and distinct legal entities. In this document, “Glencore”, “Glencore group” and “Group” are used for convenience only where references are made to Glencore plc and its subsidiaries in general. These collective expressions are used for ease of reference only and do not imply any other relationship between the companies. Likewise, the words “we”, “us” and “our” are also used to refer collectively to members of the Group or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies.