Huayou Cobalt Co., Ltd was found in 2002,and specializing in research and development, manufacturing business of new energy Li-ion battery materials and new cobalt materials. As a primarily supplier of
cobalt
Cobalt is a chemical element with the symbol Co and atomic number 27. As with nickel, cobalt is found in the Earth's crust only in a chemically combined form, save for small deposits found in alloys of natural meteoric iron. The free element, p ...
, including
cobalt tetroxide,
cobalt oxide Cobalt oxide is a family of chemical compounds consisting of cobalt and oxygen atoms.
Compounds in the cobalt oxide family include:
* Cobalt(II) oxide (cobaltous oxide), CoO
*Cobalt(III) oxide
Cobalt(III) oxide is the inorganic compound with the ...
,
cobalt carbonate,
cobalt hydroxide,
cobalt oxalate
Cobalt(II) oxalate is the inorganic compound with the formula of CoC2O4. Like other simple inorganic oxalates, it is a coordination polymer. The oxalate ligands bridge of Co(OH2)2 centres. Each cobalt adopts octahedral coordination geometry
In ...
,
cobalt sulfate,
and cobalt monoxide,
it is headquartered in the
Tongxiang Economic Development Zone of
Zhejiang
Zhejiang ( or , ; , Chinese postal romanization, also romanized as Chekiang) is an East China, eastern, coastal Provinces of China, province of the People's Republic of China. Its capital and largest city is Hangzhou, and other notable citie ...
,
China.
After decades of development, Huayou Cobalt has established an unique and integrated industrial chain around Li-ion battery material, with headquarter in Tongxiang, resource sourcing abroad, production bases in China and marketing globally. It has four business segments including Resources, New Materials and New Energy and Recycling. It created a new energy li-ion battery industrial ecology from development and metallurgy of cobalt and nickel resources, intensive processing of li-ion cathode materials, to resource recycling and reusing. Creating values for the clients and leading industrial development is our mission. Insisting on transformation path of "Upstream Resources Controlling, Downstream Markets Developing, Internal Capability Enhancing" and the development strategy of "Two New Areas and Three Trends", Huayou Cobalt aims to become the leader of global Li-ion new energy material industry while maintaining the international leadership in cobalt industry.
Child labor allegations and Huayou's actions to take responsibilities
According to a joint Amnesty International and African Resources Watch report,
Congo DongFang International Mining, a subsidiary of Huayou Cobalt, sources cobalt from primitive "artisanal" mines in the Democratic Republic of the Congo, where there are few worker protections and child labor has been employed.
Apple Inc.
Apple Inc. is an American multinational technology company headquartered in Cupertino, California, United States. Apple is the largest technology company by revenue (totaling in 2021) and, as of June 2022, is the world's biggest company ...
said that approximately 20% of the cobalt in Apple's batteries were sourced from Huayou Cobalt.
In response, Huayou Cobalt admits to having "insufficient awareness of supply chain management", and did not know that buying artisanal cobalt would increase child labor.
In 2016, Apple said that starting in 2017, they will treat cobalt as a
conflict mineral
The eastern Democratic Republic of the Congo (DRC) has a history of conflict, where various armies, rebel groups, and outside actors have profited from mining while contributing to violence and exploitation during wars in the region. The four mai ...
, and require all cobalt suppliers to agree to outside supply-chain audits and risk assessments.
After a 2017
Sky News follow-up that showed that child labor continued to be utilized,
Apple said it stopped buying cobalt mined by hand in DRC entirely.
In June 2018, Signify, together with Fairphone and Huayou Cobalt co-founded the Fair Cobalt Alliance, the members include :LGES、Tesla、Google、Britishvolt、ATL,FREYR.
(01-16-2019) Ford (NYSE:F) initiated the project with IBM (NYSE:IBM), LG Chem (OTCPK:LGCLF) and China's Huayou Cobalt to ensure the mineral used in lithium-ion batteries has not been mined by children or used to fuel conflict. The typical electric car battery requires up to 20 pounds of cobalt, and by 2026, demand for cobalt is expected to multiply eightfold.
Global Cooperation
* '
Closed-loop recycling cooperation with BMW Group published by BMW''
* '
POSCO Enters Chinese Cathode Materials Market* '
''
*
ttps://www.lgcorp.com/media/release/24868 Joint ventures with LG in precursor, cathode material and recycling published by LG''
* '
Two MOUs for strategic partnerships with Volkswagen Group China published by Volkswagen''
* '
Cooperation framework agreements with Ford and PT Vale on HPAL projects in Indonesia published by Ford''
* '
Binding production price agreement with Tesla published''
See also
*
List of companies of China
Since the introduction of Chinese economic reform, economic reforms in 1978, Economy of China, China has become one of the world's List of countries by real GDP growth rate, fastest-growing major economies. , it was the world's second-largest ec ...
References
External links
*
{{SSE 50 companies
2002 establishments in China
Companies established in 2002