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Plummeting commodity prices increase risk of ‘conflict minerals’ in consumer electronic devices

by Christin VanZant last modified Aug 09, 2016 03:33 PM
Contributors: Pact World
Prices for tin, tungsten, and tantalum – 3T minerals that are used in all smartphones, computers, and airliners – have plummeted over the past year. While miners all over the world face the same price squeeze, the impact is magnified in central Africa where producers have to meet exceptionally strict requirements for due diligence if they are to trade on the international market. Central African miners and traders are at a commercial disadvantage and have to cut their own cost, including levies that self-fund the system during normal market conditions.

Original Source

A steep fall in worldwide mineral prices is jeopardizing the operational traceability system designed to both stem ‘conflict minerals’ and protect vulnerable artisanal miners in Africa’s Great Lakes region.

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