London-listed Vedanta Mining (LON:VED) will be in court to defend itself against claims by hundreds of Zambian villagers that its copper mining operations polluted a water source and farmland.
Notice came as Beijing struggles to cool a surge in metal prices this year fuelled by a post-pandemic economic recovery, ample global liquidity and speculative buying that has dented manufacturers’ margins.
Ford, Nissan, LG and Samsung, Britishvolt and InoBat Auto are in talks with the British government or local authorities about locations for potential factories and financial support.
“We as Europeans want to diversify our imports away from producers like China because we want more sustainability, less environmental damage and we want transparency on raw materials.”
According to European law firm Fieldfisher, avoiding high-risk areas does not guarantee every operator in the supply chain will be free from links to unethical or illegal activity.