LG Chem pledges not to purchase conflict resources

By Lim Chang-won Posted : July 30, 2018, 10:15 Updated : July 30, 2018, 10:15

[Courtesy of LG Chem]


SEOUL -- LG Chem, a major producer of petrochemical products and batteries for electric vehicles, will not purchase conflict resources such as tin, tantalum, tungsten and gold mined from disputed areas to join an international campaign aimed at reducing incentives to extract and fight over them.

LG Chem, affiliated with South Korea's LG Group, said that it would stop purchasing natural resources extracted in conflict zones in an effort to strengthen corporate social responsibility. Last year, the company prohibited the use of raw materials acquired through unethical methods.

There have been international efforts to reduce trade in conflict resources. The four most commonly mined conflict minerals are cassiterite for tin, wolframite for tungsten, coltan for tantalum, and gold ore, which are essential in the production of consumer electronics such as mobile phones and laptops.

LG Chem, a key supplier of batteries to U.S. and European companies, operates battery plants in South Korea, China, the United States and Poland. Last week, it disclosed a massive investment to expand its naphtha cracking center and polyolefin plant by 2021.
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