{"id":233912,"date":"2022-02-25T14:57:19","date_gmt":"2022-02-25T06:57:19","guid":{"rendered":"https:\/\/charltonsnaturalresources.com\/?p=233912"},"modified":"2023-06-27T16:43:09","modified_gmt":"2023-06-27T08:43:09","slug":"blockchain-certification-scheme-for-rare-earths-used-in-the-production-of-evs","status":"publish","type":"post","link":"https:\/\/charltonsnaturalresources.com\/en\/blockchain-certification-scheme-for-rare-earths-used-in-the-production-of-evs\/","title":{"rendered":"Blockchain Certification Scheme for Rare Earths Used in the Production of EVs"},"content":{"rendered":"[et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;CNR NEWSLETTER&#8221; module_class=&#8221;cnl-wrapper&#8221; _builder_version=&#8221;4.16&#8243; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row admin_label=&#8221;Header&#8221; module_class=&#8221;cnr-nl-header&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text admin_label=&#8221;Header&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<div class=\"cnl-header\">\r\n<div class=\"cnl-type\">NATURAL RESOURCES<\/div>\r\n<div class=\"cnl-issue\">News<\/div>\r\n<\/div>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=&#8221;Logo&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text admin_label=&#8221;Logo&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<div class=\"cnl-logo\">\r\n<img decoding=\"async\" src=\"\/legal\/newsletters\/cnl_logo.jpg\" alt=\"Charltons Natural Resources\" \/>\r\n<\/div>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=&#8221;Banner&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text admin_label=&#8221;Banner&#8221; _builder_version=&#8221;4.16&#8243; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<div class=\"cnl-banner\">\n<div class=\"cnl-banner-image\"><img decoding=\"async\" src=\"\/legal\/news\/2022\/02\/blockchain-certification-scheme-for-rare-earths-used-in-the-production-of-evs.jpg\" alt=\"Blockchain Certification Scheme for Rare Earths Used in the Production of EVs\" \/><\/div>\n<div class=\"cnl-title\" style=\"background-color:rgba(0,0,0,0.2)\">\n<div>\n<span>February 2022<\/span>\n<h1>Blockchain Certification Scheme for Rare Earths Used in the Production of EVs<\/h1>\n\n<\/div>\n\n<\/div>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=&#8221;Text&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; width=&#8221;100%&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<p class=\"mt-40\" >Electric vehicle manufacturers may be subject to an EU-funded certification scheme using blockchain technology to certify that rare earths used in the production of EV magnets are not linked to toxic pollution.<\/p>\n<p  >The Circular System for Assessing Rare Earth Sustainability (CSyARES) system will set new global standards and allow consumers to confidently purchase EVs which have been produced using sustainable methods. The Rare Earth Industry Association (REIA) and Dutch supply chain traceability firm Circularise expects that the system will be ready for use in 2025. The European Union is currently funding the project through EIT Raw Materials, an organisation created to secure critical minerals for the EU. <\/p>\n\n<p >CSyARES will use blockchain tokens as digital passports tracking the rare earths from mining to end-of-life. Once a token is created for a certain amount of sustainability produced mineral, it is immutable and permanently stored on the blockchain. Teresa Oberhauser of Circularise notes that the currently used certificates for verifying sustainably mined products are not trustworthy, with some certificates being sold on eBay. <\/p>\n\n<p>The processing of rare earth ore is complex with toxic by-products which need to be disposed of carefully. The product of rare earths is set to rise globally as the US and EU aim to reduce its dependence on Chinese exports, which currently supplies around 90% of the world\u2019s rare earths. <\/p>\n\n\n<p>Source: <a href=\"https:\/\/www.mining.com\/web\/blockchain-rare-earth-scheme-to-certify-sustainable-output-for-evs\/\" target=\"_blank\" rel=\"noopener\">https:\/\/www.mining.com\/web\/blockchain-rare-earth-scheme-to-certify-sustainable-output-for-evs\/<\/a><\/p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=&#8221;Button Navs&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text admin_label=&#8221;navs&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<div class=\"cnl-bott-navs\">\r\n<div><span><\/span><a href=\"https:\/\/charltonsnaturalresources.com\/en\/ev-demand-caused-global-cobalt-production-to-hit-record-high-in-2021\/\" target=\"_self\">EV Demand Caused Global Cobalt Production to Hit Record High in 2021<\/a><\/div>\r\n<div><a href=\"https:\/\/charltonsnaturalresources.com\/en\/mining-companies-look-to-udokan-siberia-for-untapped-copper\/\" target=\"_self\">Mining Companies Look to Udokan, Siberia for Untapped Copper<\/a><span><\/span><\/div>\r\n<\/div>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=&#8221;Legal Advice&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text admin_label=&#8221;Legal Advice&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<div class=\"cnl-legal-advice\">\r\n<h3>This newsletter is for information purposes only.<\/h3>\r\n<p>Its contents do not constitute legal advice and it should not be regarded as a substitute for detailed advice in individual cases.\r\nTransmission of this information is not intended to create and receipt does not constitute a lawyer-client relationship between Charltons and the user or browser.\r\nCharltons is not responsible for any third party content which can be accessed through the website.<\/p>\r\n<p>If you do not wish to receive this newsletter please let us know by emailing us at <a href=\"mailto:unsubscribe@charltonslaw.com\">unsubscribe@charltonslaw.com<\/a><\/p>\r\n<\/div>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row disabled_on=&#8221;on|on|on&#8221; admin_label=&#8221;Footer&#8221; _builder_version=&#8221;4.16&#8243; disabled=&#8221;on&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text admin_label=&#8221;Footer&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<div class=\"cnl-footer\">\r\n        <div class=\"cnl-footer-award\">\r\n                <div>\r\n                       <img decoding=\"async\" src=\"\/legal\/newsletters\/cnl_logo_footer.png\">\r\n                        <h2>Boutique Transactional Law Firm of the Year 2020<\/h2>\r\n                        <span>Asian Legal Business Awards<\/span>\r\n                <\/div>\r\n        <\/div>        \r\n<\/div>\r\n<div class=\"cnl-foot-address\">\r\n        <div>Hong Kong Office: Dominion Centre, 12th Floor, 43-59 Queen\u2019s Road East, Hong Kong Tel: + (852) 2905 7888 Fax: + (852) 2854 9596<\/div>\r\n        <div>Website: <a href=\"https:\/\/www.charltonslaw.com\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/www.charltonslaw.com<\/a><\/div>\r\n<\/div>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]","protected":false},"excerpt":{"rendered":"<p>NATURAL RESOURCES News February 2022 Blockchain Certification Scheme for Rare Earths Used in the Production of EVs Electric vehicle manufacturers may be subject to an EU-funded certification scheme using blockchain technology to certify that rare earths used in the production of EV magnets are not linked to toxic pollution. The Circular System for Assessing Rare Earth Sustainability (CSyARES) system will set new global standards and allow consumers [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":234170,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"fifu_image_url":"https:\/\/charltonsnaturalresources.com\/legal\/news\/2022\/02\/blockchain-certification-scheme-for-rare-earths-used-in-the-production-of-evs.jpg","fifu_image_alt":"Blockchain Certification Scheme for Rare Earths Used in the Production of EVs","footnotes":""},"categories":[23],"tags":[46],"class_list":["post-233912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-https-charltonsnaturalresources-com-legal-news-2021-08-mineralised-zones-found-in-botswana-thumb-jpg","cat-23-id"],"_links":{"self":[{"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/posts\/233912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/comments?post=233912"}],"version-history":[{"count":5,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/posts\/233912\/revisions"}],"predecessor-version":[{"id":234169,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/posts\/233912\/revisions\/234169"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/media\/234170"}],"wp:attachment":[{"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/media?parent=233912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/categories?post=233912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/tags?post=233912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}