COBALT Supply Chain Act

The COBALT Supply Chain Act, also known as Bill 118 hr 6909, is a piece of legislation introduced in the US Congress aimed at addressing concerns related to the supply chain of cobalt, a critical mineral used in various industries, including technology and defense.

The bill seeks to increase transparency and accountability in the cobalt supply chain by requiring companies to disclose information about the sources of cobalt used in their products. This information would include details about the mining practices, labor conditions, and environmental impact of cobalt extraction.

Additionally, the COBALT Supply Chain Act aims to promote responsible sourcing of cobalt by encouraging companies to prioritize suppliers that adhere to ethical and sustainable practices. The bill also includes provisions for supporting research and development of alternative sources of cobalt to reduce reliance on potentially problematic supply chains. Overall, the COBALT Supply Chain Act is intended to address concerns about human rights abuses, environmental degradation, and other issues associated with the cobalt supply chain, while also promoting innovation and sustainability in the industry.