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Blockchain rare earth scheme to certify sustainable output for EVs

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An EU-funded certification scheme using blockchain is being developed for rare earths as automakers demand proof that materials used to make magnets for electric vehicles (EVs) are not linked to toxic pollution.

The system will set global standards and give confidence to consumers demanding sustainable products, two of the organisers told Reuters ahead of an official announcement on Tuesday.

Auditing firms already issue certificates for sustainability of mining products including some rare earths. Rare earths are 17 related minerals, found widely dispersed in the Earth's crust and used for motors in EVs and generators in wind turbines.

 

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