"In one village we visited, people showed us how the water in the local stream that they drank that they said was contaminated by the discharge of waste from a mineral processing plant," he said.A case filed by International Rights Advocates on behalf of 14 Congolese families accuses the tech firms of knowing that cobalt used in their products could be linked to child labor.Got a confidential news tip? In September, Ganfeng revealed that it has an agreement with Tesla to supply the EV maker with 20% of its annual lithium hydroxide production through 2020, which could be extended by three years. Is Tesla Buying A Lithium Mine? Neither company's stock is listed on a major U.S. stock exchange, nor is either company profitable on an operating basis. )+[a-z]{2,})$/i, failureMessage: "A valid email address is required"});var dom2 = document.querySelector('#form1783 #field2');var field2 = new LiveValidation(dom2, {validMessage: "", onlyOnBlur: false, wait: 300});field2.add(Validate.Presence, {failureMessage:"This field is required"});var dom11 = document.querySelector('#form1783 #field11');var field11 = new LiveValidation(dom11, {validMessage: "", onlyOnBlur: false, wait: 300});field11.add(Validate.Custom, {against: function(value) {return !value.match(/(telnet|ftp|https?):\/\/(?:[a-z0-9][a-z0-9-]{0,61}[a-z0-9]\.|[a-z0-9]\. )Ganfeng is China's largest producer of lithium and the world's second- or third-largest producer (depending on source) behind the United States' Albemarle, and perhaps also behind Chile's SQM. kl@kerrylutz.com. Here’s How To Transfer Your Car Insurance And RegistrationGenerational Wealth: Why do 70% of Families Lose Their Wealth in the 2nd Generation?var dom1 = document.querySelector('#form1783 #field1');var field1 = new LiveValidation(dom1, {validMessage: "", onlyOnBlur: false, wait: 300});field1.add(Validate.Presence, {failureMessage:"This field is required"});field1.add(Validate.Format, {pattern: /^([^@\s]+)@((?:[-a-z0-9]+\. node.dataset.value : node.getAttribute('data-value'); if (selectedValue) { for (var j = 0; j < node.options.length; j++) { if(node.options[j].value === selectedValue) { node.options[j].selected = 'selected';break;}}}}} Technology After all, the newsletter they have run for over a decade, David and Tom just revealed what they believe are the The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community. Nasdaq Data Market Events However, the key variable is how long it will take for enough new supply to be brought online to cause an oversupply situation, or at least to cause prices to drop considerably.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Quick Links Tesla did not respond to requests for comment for this story. Topics That's because lithium supply has been having a hard time keeping up with demand, thanks largely to the rising popularity of EVs.This dynamic resulted in lithium prices soaring in 2016 and 2017, along with the So who are Tesla's lithium suppliers? Quick Links Tesla 's (NASDAQ: TSLA) appetite for lithium is becoming increasingly ravenous as the electric-vehicle (EV) pioneer ramps up production of the Model 3, its first mass-market vehicle. "Cobalt has become one of the modern world's most important minerals as it's also used to make the lithium-ion batteries found in smartphones and laptops.However, the extraction of cobalt has been plagued by concerns around illegal mining, human rights violations and corruption. Data is a real-time snapshot *Data is delayed at least 15 minutes. "Because Tesla recognizes the higher risks of human rights issues within cobalt supply chains, particularly for child labor in the Democratic Republic of Congo (DRC), we have made a significant effort to establish processes to remove these risks from our supply chain," the report reads.Tesla added that it reviews information provided by suppliers for "red flags and risks associated with ethical sourcing. Tesla plans to use cobalt from Anglo-Swiss mining giant Glencore to build lithium-ion batteries at its new factories, according to industry sources.
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