RE: Its not all about lithium27 Apr 2025 09:16
Interesting comments on “potential projects”
AI Overview
Glencore is involved in the tantalum market through various avenues, including supply chain due diligence, offtake agreements, and exploring potential tantalum projects. They are also subject to regulations related to conflict minerals, including tantalum, to ensure responsible sourcing practices.
Glencore's Involvement in Tantalum:
Supply Chain Due Diligence:
Glencore, through its entity Glencore International Import B.V. (GIIBV), is subject to the EU 3TG Regulation, which requires importers of tin, tantalum, tungsten, and gold (3TG) to conduct due diligence on their supply chains to ensure responsible sourcing, according to their 2022 EU 3TG Due Diligence Report.
Offtake Agreements:
Glencore has entered into offtake agreements with companies like Tantalex Lithium for lithium, which is often found in association with tantalum.
Potential Tantalum Projects:
Glencore is exploring potential tantalum projects, such as the Zulu Lithium and Tantalum Project with Premier African Minerals.
Responsible Sourcing:
Glencore has implemented a responsible sourcing policy framework and a supply chain due diligence program to address potential risks in their supply chains.
3TG Regulation:
Glencore's imports into the EU of tantalum and other 3TG materials are subject to the EU 3TG Regulation, which requires due diligence to ensure these materials are not conflict-affected and high-risk.
Conflict Minerals:
Tantalum, along with tin, tungsten, and gold, is covered by regulations related to conflict minerals in both the United States and the European Union.
Global Mining:
Glencore is a major player in global mining, including tantalum, and is committed to responsible and ethical practices.
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