Platts Future Energy

How ESG shapes the development of battery supply chains

Nov 29, 2022

Exploring the challenges of ESG in battery supply chains, focusing on responsible mining practices and human rights issues in cobalt mining. Discussing the efforts to enhance traceability and the need for unified standards in the battery industry.

16:15

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Quick takeaways

ESG requirements for battery supply chains are spreading without standardized guidelines.

Responsible mining of critical elements like lithium and cobalt is crucial for the energy transition.

Deep dives

ESG's Significance in Battery Metals Industry

Battery metals are crucial for the energy transition towards zero-emission vehicles and other solutions like station air storage systems and heat pumps. The UK Critical Minerals Association highlights how 6 out of 10 energy transition goals rely on minerals. However, mining these critical elements often poses risks to the environment and communities, posing the question of whether the benefits outweigh the risks.

Introduction

3min

Exploring Responsible Mining and ESG in Battery Metal Industries

3min

Addressing Human Rights in Cobalt Mining for Sustainable Battery Supply Chains

3min

Challenges of ESG Compliance in Battery Supply Chains

3min

Initiatives for ESG in Battery Industry and Unifying Standards

4min

Despite serving multiple purposes in the energy transition, batteries have their own footprint, and downstream players want to have that addressed. With automakers on the driving seat, ESG requirements over the battery supply chains have been spreading out, despite the lack of standardized guidelines.

In this episode of the Platts Future Energy podcast, metals editors Henrique Ribeiro and Leah Chen discuss the main ESG challenges faced by the battery industry and what steps are being taken to mitigate the risks.

Related price assessments:

BATLC04 - Lithium Carbonate CIF North Asia $/mt

BATCA04 - Lithium Carbonate DDP China Yuan/mt

BATLH04 - Lithium Hydroxide CIF North Asia $/mt

BATHY04 - Lithium Hydroxide DDP China Yuan/mt

BATSP03 - Lithium Spodumene 6% FOB Australia $/mt Wkly

BATCO04 - Cobalt Sulfate 20.5% CIF North Asia $/mt

BATCS04 - Cobalt Sulfate min 20.5% DDP China

BATCH04 - Cobalt Hydroxide CIF China $/lb

BATNS04 - Nickel Sulfate DDP China Yuan/mt

BATMS00 - Manganese Sulfate DDP China Yuan/mt