[8] The joint venture between LG and Tianjin B&M Science and Technology (B&M) was announced on May 31, 2022, focusing on the manufacturing of NCM cathode material.

[9] On March 30, 2023, PT Vale Indonesia Tbk and China’s Zhejiang Huayou Cobalt Co. announced a collaboration with global automaker Ford Motor Co. for a HPAL project, which aims to enhance sustainable nickel production in Indonesia, with the resulting nickel products being integrated into Ford's battery raw material supply chain.

After decades of development, Huayou Cobalt has established an integrated industrial chain around Li-ion battery material.

The company's resource operations primarily involve the extraction, refining, and initial processing of various non-ferrous metals, including cobalt, nickel, lithium, and copper.

[11] 80% Less Carbon Emissions in the Hydrometallurgy Projects in Indonesia comparing to the Nickel pyrometallurgy method due to less electricity consumption.

RCI (Responsible Cobalt Industry Initiative): Founding Member, Vice Chairman unit.

According to a joint Amnesty International and African Resources Watch report,[12] Congo DongFang International Mining, a subsidiary of Huayou Cobalt, sources cobalt from primitive "artisanal" mines in the Democratic Republic of the Congo, where there are few worker protections and child labor has been employed.

[15] After a 2017 Sky News follow-up that showed that child labor continued to be utilized,[16] Apple said it stopped buying cobalt mined by hand in DRC entirely.

[19] In Jan 2019, Ford initiated the project with IBM, LG Chem and Huayou Cobalt to ensure the mineral used in lithium-ion batteries had not been mined by children or used to fuel conflict.

[20] In March 2023, Ford Motor Co., PT Vale Indonesia Tbk, and Zhejiang Huayou Cobalt Co. have agreed to invest in the Pomalaa Block High-Pressure Acid Leaching (HPAL) Project, creating a three-party collaboration to advance more sustainable nickel production in Indonesia and help make electric vehicle batteries more affordable.

The collaboration will help support Ford's plan to deliver a 2 million EV production run rate by the end of 2026 and further scale over time.