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Huangpu-Mining Enters Long-Term Cobalt Supply Agreement

(1888PressRelease) Environmental sustainability is a top priority in the company's supply chain strategy.

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Huangpu-Mining Enters Long-Term Cobalt Supply Agreement

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  1. (1888PressRelease) Environmental sustainability is a top priority in the company's supply chain strategy. Huangpu-Mining Enters Long-Term Cobalt Supply Agreement

  2. Huangpu Mining (ISIN: CN0397106583), a pioneering cobalt mining company in China whose vision is to become a new mining benchmark company, delivering value and tangible benefits to its shareholders, partners and the community in which it operates, announced today a multi-year sourcing arrangement under which it will provide cobalt from its facility in China to a local automotive company. The cobalt processed at Huangpu Mining will be used in battery cathodes, which will power electric vehicles, as cobalt is a key metal in the manufacture of EV batteries.

  3. The agreement expands on a shared commitment between the two businesses to develop robust, resilient, and multi-stakeholder supply chains through their platforms. The operations of Huangpu Mining are compliant with the responsible minerals monitoring processes, and both Huangpu Mining and its partner are following sustainable minerals standards.

  4. "We are excited to share this news of our partnership and to help the automotive sector implement its electric vehicle visions. Future-oriented commodities like cobalt are crucial to the electric vehicle revolution and the decarbonization of energy use. Leading producer, recycler, and supplier of these materials, Huangpu Mining supports our goal of attaining net zero total emissions by 2050”, said Lam Keping, President of Operations at Huangpu Mining.

  5. Only 0.001% of the earth's crust is made up of the element cobalt. It is added to lithium-ion battery cathodes to increase energy density and battery life because of its reputation for being heat-resistant. The automaker has stated that it will be able to produce a record number of electric vehicles by the end of 2025 and has launched a number of initiatives to construct a new, more secure EV supply chain, including initiatives aimed at vital EV materials and components.

  6. About Huangpu Mining Huangpu-Mining.com is a pioneering cobalt mining company in China whose vision is to become a new mining benchmark company, delivering value and tangible benefits to its shareholders, partners and the community in which it operates. The strategy at Huangpu Mining is to explore, develop and refine ethically sourced cobalt within Asia for sale back into the Asian battery market, focusing on its main site in Huangpu, Guangdong. The company’s Board and Management teams are a diverse group of experienced mine-builders, mine-operators, financiers and company-makers, positioning Huangpu Mining to be at the forefront of the cobalt-driven battery movement in the coming years. https://www.huangpu-mining.com/

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