Law360 reports US District Judge Carl J. Nichols said while the complaint lists “tragic events” the suit could not trace a link back to the US tech giants and “that the only real connection is that the companies buy refined cobalt”:
“It might be true that if Apple, for example, stopped making products that use cobalt, it would have purchased less of the metal from Umicore, which might have purchased less from Glencore, which might have purchased less from CMKK, which might thus have instructed Ismail to stop purchasing cobalt from child artisanal miners, which might have led some of the plaintiffs to not have been mining when their injuries occurred,” the judge said.
“But this long chain of contingencies, in all its rippling glory, creates mere speculation, not a traceable harm.”
The price of cobalt hydroxide used in the battery manufacturing supply chain is up 95% over the past year according to Benchmark Mineral Intelligence with Asia import prices topping $52,000 a tonne in October as disruptions to shipping routes from Africa to China continues.
Annual cobalt production is only around 130,000 tonnes, mostly as a byproduct of nickel and copper mining. Of that, roughly 30,000 tonnes is in metal form. Cobalt metal prices in Europe are up 75% in 2021 averaging $27 a pound in October, the highest since December 2018.
RELATED: Cobalt, Congo and a mass artisanal mining experiment
