Australian miner Wyloo has entered into a memorandum of understanding with software provider Metalshub to improve transparency of low-carbon nickel pricing and provenance in international markets.
Wyloo said it intends to use Metalshub for the sale of its low-carbon nickel and nickel concentrate products following a re-start of its Kambalda, Western Australia, operations. The collaboration also aims to develop a price index for low-carbon nickel concentrate and nickel sulphate, to be referenced in future sales contracts.
“The Metalshub platform will enable nickel producers to provide provenance, carbon footprint and ESG information to customers, in an auditable form, leading to qualification under key market regulations such as the USA’s Inflation Reduction Act or the European Union’s Carbon Border Adjustment Mechanism and Battery Regulation,” Wyloo CEO Luca Giacovazzi said.
“If we want car manufacturers to effectively manage their scope 3 emissions, and to empower consumers to choose electric vehicles that are truly good for the environment, the industry must adopt transparent emission reporting across the supply chain.”
Dr. Sebastian Kreft, Metalshub co-founder and managing director, added that the transparency would give nickel producers an opportunity to market their products with a premium.
Source: Wyloo