BMW turns to Australia for next-gen electric cars

AutoExec Summary
BMW is shifting its sourcing strategy for cobalt, moving away from the Democratic Republic of Congo due to concerns over child labour. The company plans to procure cobalt and other materials directly from Australian mines to ensure ethical and sustainable practices in its electric vehicle production. This decision aligns with a broader industry trend towards responsible sourcing as automakers prepare for a future dominated by battery-powered vehicles. The London Metal Exchange is also enhancing transparency in material sourcing.

Brands mentioned: BMW, Toyota