Connect with us

Hi, what are you looking for?

CleanTechnica
Within the next few months, the Chile-based, state-run firm Codelco will begin selling copper priced so as to take the environmental footprint of production into account, Codelco chairman Oscar Landerretche has revealed.

Batteries

Codelco To Begin Selling First Copper With Pricing That Accounts For Environmental Impact

Within the next few months, the Chile-based, state-run firm Codelco will begin selling copper priced so as to take the environmental footprint of production into account, Codelco chairman Oscar Landerretche has revealed.

Within the next few months, the Chile-based, state-run firm Codelco will begin selling copper priced so as to take the environmental footprint of production into account, Codelco chairman Oscar Landerretche has revealed.

The new pricing model will represent a first for the copper market — where the only real price differentiator is quality (its standardized otherwise). However, this follows recent moves made in the aluminum sector to do something similar — some aluminum producers now charge a premium for “low carbon” options and for aluminum processed using renewable energy capacity.

Regarding Codelco’s plans, customers will be able to choose a number of different options reflecting different parameters — carbon footprint, impacts on local communities, etc. — with pricing reflecting the option chosen.

Speaking at the Asia Copper Conference in Shanghai, Landerretche stated: “Very soon we will carry out the first decommoditized copper sale in which the customer will recognize, with external certification, the environmental attributes of the production as a principle part of the value offer. … This is imminent. Actually, it is going to happen during the next couple of months.”

The new initiative — dubbed “Responsible, Sustainable, and Traceable Copper” — is needed because of the “overly commercial” nature of the world’s economy currently, Landerretche stated.

“We dream of a decommoditized copper market that has differentiated prices for products with different certifications. We will do our part, but so must customers, consumers, and partner companies,” Landerretche continued.

Reuters provides more: “State-run Codelco is currently negotiating with a team of customers — a trader, a wire producer, and a final copper product producer — to establish a traceable system of certified copper. … Under the new terms, Codelco’s copper cathodes will be certified in 8 ways: carbon footprint, water footprint, territorial impact, community impact, human rights, equal opportunity and inclusion, occupational safety and health, and transparency, ethics and traceability of funds.”

The decision is partly the result of increasing interest amongst consumers of copper for low-carbon options — particularly amongst smelters in China, reportedly.

According to Landerretche, the project will initially involve 1–2 company divisions, but with the aim being for the module to eventually become the market standard.

Notably, the Codelco chairman also stated that he wanted Chile to create a new governed model for lithium mining as well, one that “defines the relationship between miners and local communities” ahead of an expected boom in lithium-ion battery usage (via energy storage and electric vehicles, mostly).

Image via Codelco

 
 
 
Don't want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
 

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Advertisement
 
Written By

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy.

Comments

You May Also Like

Agriculture

As we look to the possibilities of 2023, how might agricultural production unite with cleantech to improve food security around the world?

Cars

China spent $546 billion of 2022's $1.1 trillion USD global green investment, but China is getting about a trillion USD in value out of...

Biofuels

At the coal face of a conference that involved governmental figures, academics, logistics customers and OEMs, the detailed technical conversations are almost all about...

Climate Change

If you believe some negative stereotype about a group and their risk profile, ditch it. It's wrong, and it doesn't apply to the person...

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.