AUTOMAKERS ESCAPE MANDATORY EU CONFLICT MINERALS DUE DILIGENCE RULES
March 1st, 2017
Europe’s automakers have escaped a mandatory European Union (EU) due diligence requirement for using so-called conflict minerals sourced from parts of the world that suffer from armed and civil strife. There had been significant concern about the impact on the auto sector of a law designed to prevent money raised from sales of tin, tungsten, tantalum and gold – the so-called 3TG minerals – from entering the pockets of warlords and violent rebels. This is because these metals are present up to 50% of car parts, according to ACEA and European car parts ...
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