Automakers, suppliers drawing up 'conflict mineral' strategy?
According to Ward's Auto, automakers, as well as automotive parts suppliers, have been tasked with proposing methods of regulating conflict minerals and they are facing a January 31 deadline on the discussions. If a company finds that it's utilizing materials with a source originating in a conflict region, then it's required to disclose that. Even if a company can't trace the exact origin of materials they used, they will have to disclose that it's possible that conflict materials were used.
The Automotive Industry Action Group is researching ways to insure that non-conflict materials are utilized. However, this is far more difficult than simply looking back at the origin of a specific part. One has to go all the way back to the smelter who turned the source materials into the components necessary to create the parts.
[Source: WardsAuto.com | Image: Lionel Healing/AFP/Getty]
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