Daily Newsletter

22 July 2024

Daily Newsletter

22 July 2024

Talon adopts Circulor’s tech to trace responsibly sourced minerals

The collaboration allows Talon to trace its nickel and copper concentrates as well as recovered by-products.

Archana Rani July 19 2024

Toronto Stock Exchange (TSX)-listed Talon Metals has selected Circulor’s traceability solution to track responsibly sourced domestic nickel and other minerals.

This solution is expected to ensure full traceability of mineral production throughout supply chains from the mine to recycling.

It is designed to ensure traceability of critical mineral supplies through complex industrial supply chains, especially for electric vehicle (EV) battery and defence-related manufacturing.

The solution provides verifiable information on the provenance, production standards and embedded CO₂ intensity of minerals.

This collaboration allows Talon to trace its nickel and copper concentrates as well as recovered by-products such as iron compounds for lithium-iron phosphate batteries, platinum group metals, cobalt and gold.

Talon CEO Henri van Rooyen said: “Deploying Circulor’s technology fulfils Talon’s commitment to produce nickel and other critical minerals at the highest possible standards for labour rights, environmental protection and indigenous participation in clean energy projects.

“Using Circulor’s technology will ensure that our customers and in turn their customers have a verifiable record that the nickel in their battery was produced at high standards in the US.”

By tracing minerals produced to high standards, the partnership will enable battery makers and EV manufacturers to align their sourcing with their environmental, social and governance commitments and comply with various regulations including the US Inflation Reduction Act, the EU's Battery Regulation and the Carbon Border Adjustment Mechanism.

Talon chief external affairs officer and climate strategy head Todd Malan said: “Tracing minerals produced today will ensure that their provenance, production standards and CO₂ intensity can be traced all the way to the recycling stage and then accounted for in many future uses.”

Metals in EV Battery Market Overview

Per GlobalData, the metals in EV battery market size was estimated at 3.9 million tonnes in terms of volume in 2023 and is expected to grow at a CAGR of >13% by 2030. The increasing production of electric vehicles is boosting demand for metals used in their batteries comprising lithium-ion (li-ion) and nickel-metal hydride batteries. The rising focus on the importance of recycling infrastructure for the metals used in EV batteries is further projected to support the market growth.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Your corporate email address *
First name *
Last name *
Company name *
Job title *
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close