The world’s largest palladium and high-grade nickel producer, Nornickel, has partnered with chemicals and sustainable technology company Johnson Matthey to supply the critical metals and minerals needed for Matthey’s electric vehicle battery production in Finland. The partnership will also explore the implementation of blockchain technology for the cobalt and nickel supply chain.
Both Nornickel and Johnson Matthey are committed to improving the sustainability of production in their respective fields. Nornickel announced plans to increase its sustainable nickel and cobalt production in Finland earlier this month, and Johnson Matthey’s new commercial plant in Finland (the company’s second in the country) is completely powered by renewable energy.
The potential implementation of blockchain in supply chain management would enhance the transparency between the metals supply chain and consumers and further promote sustainable changes to production processes.
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