Northern Graphite Corp V.NGC

C'on NGC...time to drag across goal line

[GripnRip]

On Tuesday, the European Parliament passed a groundbreaking policy framework that will make #ElectricVehicle batteries sold in Europe more sustainable. This legislation can serve as a blueprint for battery policies worldwide.   Here are 4 key aspects of this policy:  
#mining. The regulation mandates due diligence obligations for companies selling EV batteries in the EU. Companies are required to identify and mitigate social and environmental risks in the supply chain of cobalt, lithium, nickel, and natural graphite.  
. The regulation mandates that companies assess and declare the life-cycle carbon footprint of their batteries. From about 2028, only #EV batteries produced below a maximum carbon footprint threshold value can be sold in the EU.  
. The regulation introduces a digital battery passport, which will be required for each battery sold in the EU. It collects relevant information about the battery’s origin, current condition, and expected lifetime. By providing this data to third-party reuse centers, it can facilitate the continued usage of end-of-life EV batteries in other applications.  
. This regulation is the first of its kind to set element-specific recovery rates for lithium, cobalt, copper, and nickel in batteries. From 2027, 50% of the lithium in a battery and 90% of cobalt, copper, and nickel need to be recovered. From 2031, the requirements will increase to 80% and 95%, respectively. In addition, to ensure that the minerals are recovered in high purity, the regulation further introduces element-specific shares of recycled content for the production of new batteries.