UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM SD
SPECIALIZED DISCLOSURE REPORT
Stem, Inc.
(Exact name of registrant as specified in its charter)
| | | | | | | | | | | |
| | | |
| Delaware | | 001-39455 | |
(State or other jurisdiction of incorporation or organization) | | (Commission File Number) | |
100 California St., 14th Floor, San Francisco, California, 94111
(Address of principal executive offices) (zip code)
Saul R. Laureles
Chief Legal Officer and Corporate Secretary
877-374-7836
(Name and telephone number, including area code, of the person to contact in connection with this report.)
Check the appropriate box to indicate the rule pursuant to which this form is being filed:
| | | | | |
| ☒ | Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1, 2023 to December 31, 2023. |
| ☐ | Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended ______ . |
Section 1 — Conflict Minerals Disclosure
Items 1.01 and 1.02 Conflict Minerals Disclosure and Report; Exhibit
Conflict Minerals Disclosure
In accordance with Rule 13p-1 under the Securities Exchange Act of 1934, as amended, Stem, Inc. (the “Company”) has filed this Specialized Disclosure Report and the Conflict Minerals Report attached hereto as Exhibit 1.01 for the year ended December 31, 2023. Both of these documents are publicly available on the investor relations page of the Company’s website at: investors.stem.com.*
Section 2 — Resource Extraction Issuer Disclosure
Item 2.01 Resource Extraction Issuer Disclosure and Report
Not applicable.
Section 3 – Exhibits
Item 3.01 Exhibits
* * * * *
| | | | | |
| * | The reference to the Company’s website is provided for convenience only, and its contents are not incorporated by reference into this Form SD or the Conflict Minerals Report, nor deemed filed with the Securities and Exchange Commission. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the duly authorized undersigned.
STEM, INC.
| | |
|
By: /s/ Saul R. Laureles |
| Name: Saul R. Laureles |
| Title: Chief Legal Officer and Corporate Secretary |
Date: May 31, 2024
Exhibit 1.01
STEM, INC.
CONFLICT MINERALS REPORT
FOR THE FISCAL YEAR ENDED DECEMBER 31, 2023
This Conflict Minerals Report (the “Report”) of Stem, Inc. (the “Company,” “Stem,” “we” or “our”) has been prepared pursuant to Rule 13p-1 and Form SD (the “Rule”) promulgated under the Securities Exchange Act of 1934, as amended, for the reporting period from January 1, 2023 to December 31, 2023. The Rule requires disclosure of certain information when a company manufactures or contracts to manufacture products for which specified minerals are necessary to the functionality or production of those products. The specified minerals are columbite-tantalite (coltan), cassiterite, gold and wolframite, including their derivatives, which are limited to tantalum, tin and tungsten (“conflict minerals”).
The information presented in this Report includes the activities of our majority-owned subsidiaries.
Company Overview; Covered Products
We are a global leader in artificial intelligence (“AI”)-driven clean energy solutions and services. We maintain one of the world’s largest digitally connected, intelligent, renewable energy networks, providing customers with (i) energy storage hardware, sourced from leading, global battery original equipment manufacturers (“OEMs”), that we deliver through our partners, including developers, distributors and engineering, procurement and construction firms, (ii) edge hardware to aid in the collection of site data and the real-time operation and control of the site plus other optional equipment, and (iii) an ongoing software platform, Athena®, and professional services to operate and manage the performance of standalone energy storage, integrated solar plus storage systems, and solar assets.
Because we do not manufacture products that contain conflict minerals necessary to the functionality or production of those products, this Report relates solely to products that we contracted to be manufactured that contain conflict minerals necessary to their functionality or production (“necessary conflict minerals”) (the “covered products”).
For the reporting period covered by this Report, our covered products included energy storage systems comprised of lithium-ion battery modules, converters and related equipment that we source from OEMs and pass along to our customers at project sites.
Reasonable Country of Origin Inquiry
We engaged Source Intelligence (“SI”) as an outside agent to assist and guide us in our Reasonable Country of Origin Inquiry (“RCOI”) and due diligence efforts. We then performed an analysis of our supply chain and defined the scope of our RCOI by identifying and contacting suppliers that provided products that we believed were likely to constitute covered products for the reporting period. During our review, we asked scoping questions that allowed us to exclude certain suppliers and ultimately identify 80 OEMs that were within the scope of the Rule.
Because we are several tiers removed from the mining, smelting, or refining of necessary conflict minerals, we then worked with SI to conduct a survey of OEMs using the Conflict Minerals Reporting Template (“CMRT”) developed by the Responsible Minerals Initiative (“RMI”). The CMRT is a standardized reporting template that was developed to facilitate disclosure and communication of information regarding mineral country of origin, and the smelters and refiners being utilized in a company’s supply chain. The CMRT has been widely adopted and used by many companies in their due diligence processes related to conflict minerals.
We worked with SI to engage with our OEMs and to provide them instructions about the CMRT and its requirements, as well as correct data collection processes for the information provided to us. At various points during the outreach program, the responses were reviewed against criteria developed to help validate such information and determine which suppliers required further engagement. We inquired about responses that were not clear to us and followed up with OEM contacts that were not responsive. We reached out to our OEMs using contacts we believed to be current and up to date. Where one contact person was unresponsive, we reached out to additional known contacts at the relevant OEM. We continued to seek responses through May 13, 2024.
We received a valid CMRT from 40 of the 80 OEMs that we surveyed. Because the CMRTs indicated that some smelters or refiners in the OEMs’ supply chains might be sourcing conflict minerals from the Democratic Republic of Congo or an adjoining country (the “covered countries”), we performed additional due diligence, as outlined below.
Due Diligence Program
Program Objectives
We are committed to responsible sourcing, transparency and sustainability in our supply chain. As we mature as a public company, we are continuing to develop our formal processes, strategies and policies to realize these commitments. Our objectives include:
a.Expecting our suppliers to:
i.provide us with timely, accurate and complete information about conflict mineral content and country of origin information on the products supplied to us;
ii.work with us in any review of their supply chain and procurement process, conflict mineral audits, and due diligence on their suppliers as required for our annual SEC disclosure; and
iii.cooperate with us in developing a chain of custody for conflict minerals in the supply chain and identifying and sourcing conflict-free sources for the minerals used in our covered products.
b.Developing and implementing policies and processes toward preventing the use of necessary conflict minerals that may finance or benefit armed groups in the covered countries.
c.Expecting suppliers to actively engage with us on other supply chain due diligence efforts, such as human rights and forced labor assessments.
We believe in establishing and maintaining long-term relationships with suppliers whenever possible, and we are committed to working closely with our suppliers to accomplish the above objectives.
Diligence Process Design
Our due diligence processes have been designed in conformity with, in all material respects, The Organization for Economic Co-operation and Development (“OECD”) Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas and the related supplements for gold, tin, tantalum and tungsten (the “OECD Guidance”), consistent with our position in the supply chain for the covered products. The OECD Guidance provides a detailed due diligence framework to support responsible global supply chain management of conflict minerals and other mineral resources and is currently the leading international framework for raw material due diligence. Our process aligns with the following five steps:
a.Step 1. Establish Strong Company Management Systems
b.Step 2. Identify and Assess Risks in the Supply Chain
c.Step 3. Design and Implement a Strategy to Respond to Identified Risks
d.Step 4. Carry Out Independent Third-Party Audit of Smelter/Refiner’s Due Diligence Practices
e.Step 5. Report Annually on Supply Chain Due Diligence
As a purchaser of our covered products, we are many steps removed from the mining of conflict minerals. We do not purchase raw ore or unrefined conflict minerals, do not purchase minerals directly from smelters or refiners, and do not conduct purchasing activities directly in any of the covered countries. As we do not have a direct relationship with conflict minerals smelters and refiners, we partnered with SI to help us use conflict mineral reporting resources developed by RMI to disclose upstream actors in the supply chain, and we use the CMRT to gather information on the chain of custody of the conflict minerals included in our covered products.
Due to the breadth, complexity and constant evolution of the global supply chain for the covered products, it can be challenging to verify the origin of all conflict minerals. In addition, the information provided by suppliers may be inaccurate, incomplete or subject to other irregularities. By using our supply chain due diligence processes, driving accountability within the supply chain by leveraging tools and resources developed by RMI and others to validate smelters or refiners as conflict free, and continuing our outreach efforts, we hope to further develop transparency into our supply chain as we grow.
Step 1. Establish Strong Company Management Systems
We have established a cross-functional team that is responsible for complying with the Rule and furthering the other objectives described above. Our team is led by our Director, ESG Programs and our Vice President, Sourcing and includes other members from our legal and supply chain departments.
Step 2. Identify and Assess Risks in the Supply Chain
To identify conflict minerals risks in the supply chain for our covered products, we partnered with SI to perform the RCOI, as described above. SI then worked with our cross-functional team to review the CMRT information received from our OEMs during our RCOI. For responses indicating that a smelter or refiner might be sourcing conflict minerals from the covered countries, SI performed an additional investigation to collect information about the source and chain of custody of the conflict minerals. SI also performed additional diligence where responses indicated that a smelter or refiner did not know the origin of the conflict minerals that they sourced.
SI relies on the following internationally accepted audit standards to research smelters and refiners: the Responsible Minerals Assurance Process, the London Bullion Market Association Good Delivery Program and the Responsible Jewellery Council Chain-of-Custody Certification. SI is an official vendor member of the RMI to further facilitate the exchange of supply chain data and technical information in the quest for global ethical sourcing of materials.
If the smelter or refiner is not certified by these internationally recognized schemes, SI attempts to contact the smelter or refiner to gain more information. Additional research is also performed to determine whether there are any outside sources of information regarding the smelter or refiner’s sourcing practices.
Step 3. Design and Implement a Strategy to Respond to Identified Risks
As we further develop our due diligence program, we intend to expand supplier communication, engage in employee and supplier training and create an escalation process to improve our OEM response rate, data accuracy and data completion. We will also seek from our material suppliers an acknowledgment of our Partner Code of Conduct, and, to the extent practicable, incorporate conflict minerals language in new or amended supplier agreements, as they arise.
As the completeness and accuracy of the due diligence information improves, our cross-functional team intends to continue to develop strategies to respond to risks in our supply chain. This includes taking steps to support the use of validation, certification and audit programs for smelters and refiners in the supply chain for our covered products. Where a supplier (i) has been unresponsive or otherwise uncooperative in our due diligence efforts or (ii) is not willing to expect its own suppliers to use conflict-free sources, then we may reassess the supplier relationship.
Step 4. Carry Out Independent Third-Party Audit of Smelter/Refiner’s Due Diligence Practices
As stated above, we do not have direct relationships with smelters and refiners. As such, we do not perform direct audits of the entities that provide the necessary conflict minerals in our covered products. However, we support and rely on audits of smelters and refiners conducted by third parties, and this information is used throughout our due diligence process.
Step 5. Report Annually on Supply Chain Due Diligence
This Report and our Form SD will be filed with the SEC, and will be publicly available on the investor relations page of our website at investors.stem.com.
Due Diligence Results
Survey Response
We received 40 completed CMRTs from the 80 in-scope OEMs surveyed (a 50% completion rate). Of the responding OEMs, 45% indicated that there were no necessary conflict minerals in the products they supply to us.
Efforts to Determine Country of Origin of Conflict Minerals
Our efforts to determine the mine or location of origin of the necessary conflict minerals in our covered products with the greatest specificity reasonably possible to us consisted of the due diligence measures described in this Report.
Smelters or Refiners Identified
In total, 360 known smelters and refiners were identified as potentially in the supply chain for our covered products. Of those smelters and refiners, 227 are currently certified conflict free, and 15 are currently in the process of becoming compliant through the Responsible Minerals Assurance Process (the “RMAP”), are in communication with RMI, and are currently participating or have agreed to participate in the audit process. Five of the smelters and refiners were identified as having sourced conflict minerals from the covered countries and are not certified by any known organization (however, one of the five is currently in the process of becoming compliant through the RMAP), and 129 were identified as having no known country of origin for a portion of their conflict minerals.
Set forth in Annex 1 is the list as of May 13, 2024 of all known smelters and refiners identified as potentially being in the supply chain for our covered products. The information provided in Annex 1 is based on information provided by our OEMs and the RMAP. Our OEMs provided responses on a company-wide basis, rather than a product basis. As a result, the conflict minerals from the smelters or refiners identified in Annex 1 are not necessarily included in our covered products.
We determined that a portion of the conflict minerals contained in the covered products may have originated from the covered countries, but we were unable to determine the origin of all conflict minerals in our covered products. Therefore, we are unable to conclusively determine the country of origin of the necessary conflict minerals in all our covered products.
Future Process Improvements
We intend to continue to communicate our expectations and information requirements to our direct suppliers and continue to work towards a more transparent and ethical supply chain. In addition, we intend to continue to make inquiries of our OEMs (including, in particular, those OEMs who reported the existence of smelters or refiners that we identified as having sourced conflict minerals from the covered countries and are not certified by any known organization) and undertake additional risk assessments. We expect our direct suppliers to take similar measures with their suppliers so that there is alignment throughout our supply chain.
Cautionary Note on Forward-Looking Statements
This Report includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that statements in this Report that are not strictly historical statements, including without limitation, our intentions and expectations regarding future supplier engagement, risk mitigation efforts and strategy, and process improvements, constitute forward-looking statements that involve risks and uncertainties. Actual results could differ materially from the forward-looking statements. Risks and uncertainties that could cause actual results to differ include, without limitation, risks and uncertainties associated with the progress of industry and other supply chain transparency and smelter or refiner validation programs for conflict minerals (including the possibility of inaccurate information, fraud and other irregularities), inadequate supplier education and knowledge, limitations on the ability or willingness of suppliers to provide more accurate, complete and detailed information and limitations on our ability to verify the accuracy or completeness of any supply chain information provided by suppliers or others.
ANNEX 1
Smelters and Refiners
Our due diligence indicated that the smelters and refiners listed below may be in the supply chain for our covered products.
| | | | | | | | | | | |
| Metal | Official Smelter Name | RMI Smelter ID | Smelter Country |
| Gold | 8853 S.p.A. | CID002763 | Italy |
| Gold | ABC Refinery Pty Ltd. | CID002920 | Australia |
| Gold | Abington Reldan Metals, LLC | CID002708 | United States |
| Gold | Advanced Chemical Company | CID000015 | United States |
| Gold | African Gold Refinery** | CID003185 | Uganda |
| Gold | Agosi AG | CID000035 | Germany |
| Gold | Aida Chemical Industries Co., Ltd. | CID000019 | Japan |
| Gold | Al Etihad Gold Refinery DMCC | CID002560 | United Arab Emirates |
| Gold | Albino Mountinho Lda. | CID002760 | Portugal |
| Gold | Alexy Metals | CID003500 | United States |
| Gold | Almalyk Mining and Metallurgical Complex (AMMC) | CID000041 | Uzbekistan |
| Gold | AngloGold Ashanti Corrego do Sitio Mineracao | CID000058 | Brazil |
| Gold | Argor-Heraeus S.A. | CID000077 | Switzerland |
| Gold | Asahi Pretec Corp. | CID000082 | Japan |
| Gold | Asahi Refining Canada Ltd. | CID000924 | Canada |
| Gold | Asahi Refining USA Inc. | CID000920 | United States |
| Gold | Asaka Riken Co., Ltd. | CID000090 | Japan |
| Gold | Atasay Kuyumculuk Sanayi Ve Ticaret A.S. | CID000103 | Turkey |
| Gold | Attero Recycling Pvt Ltd | CID004697 | India |
| Gold | AU Traders and Refiners | CID002850 | South Africa |
| Gold | Augmont Enterprises Private Limited | CID003461 | India |
| Gold | Aurubis AG | CID000113 | Germany |
| Gold | Bangalore Refinery | CID002863 | India |
| Gold | Bangko Sentral ng Pilipinas (Central Bank of the Philippines) | CID000128 | Philippines |
| Gold | Boliden AB | CID000157 | Sweden |
| Gold | C. Hafner GmbH + Co. KG | CID000176 | Germany |
| Gold | Caridad | CID000180 | Mexico |
| Gold | CCR Refinery - Glencore Canada Corporation | CID000185 | Canada |
| Gold | Cendres + Metaux S.A. | CID000189 | Switzerland |
| Gold | CGR Metalloys Pvt Ltd. | CID003382 | India |
| Gold | Chimet S.p.A. | CID000233 | Italy |
| Gold | Chugai Mining | CID000264 | Japan |
| Gold | Coimpa Industrial LTDA | CID004010 | Brazil |
| Gold | Daye Non-Ferrous Metals Mining Ltd. | CID000343 | China |
| Gold | Degussa Sonne / Mond Goldhandel GmbH | CID002867 | Germany |
| Gold | Dijllah Gold Refinery FZC | CID003348 | United Arab Emirates |
| | | | | | | | | | | |
| Gold | Dongwu Gold Group | CID003663 | China |
| Gold | Dowa | CID000401 | Japan |
| Gold | DSC (Do Sung Corporation) | CID000359 | Korea, Republic of |
| Gold | Eco-System Recycling Co., Ltd. East Plant | CID000425 | Japan |
| Gold | Eco-System Recycling Co., Ltd. North Plant | CID003424 | Japan |
| Gold | Eco-System Recycling Co., Ltd. West Plant | CID003425 | Japan |
| Gold | Emerald Jewel Industry India Limited (Unit 1) | CID003487 | India |
| Gold | Emerald Jewel Industry India Limited (Unit 2) | CID003488 | India |
| Gold | Emerald Jewel Industry India Limited (Unit 3) | CID003489 | India |
| Gold | Emerald Jewel Industry India Limited (Unit 4) | CID003490 | India |
| Gold | Emirates Gold DMCC | CID002561 | United Arab Emirates |
| Gold | Fidelity Printers and Refiners Ltd. | CID002515 | Zimbabwe |
| Gold | Fujairah Gold FZC | CID002584 | United Arab Emirates |
| Gold | Geib Refining Corporation | CID002459 | United States |
| Gold | GG Refinery Ltd. | CID004506 | Tanzania |
| Gold | GGC Gujrat Gold Centre Pvt. Ltd. | CID002852 | India |
| Gold | Gold by Gold Colombia | CID003641 | Colombia |
| Gold | Gold Coast Refinery | CID003186 | Ghana |
| Gold | Gold Refinery of Zijin Mining Group Co., Ltd. | CID002243 | China |
| Gold | Great Wall Precious Metals Co., Ltd. of CBPM | CID001909 | China |
| Gold | Guangdong Jinding Gold Limited | CID002312 | China |
| Gold | Guoda Safina High-Tech Environmental Refinery Co., Ltd. | CID000651 | China |
| Gold | Hangzhou Fuchunjiang Smelting Co., Ltd. | CID000671 | China |
| Gold | Heimerle + Meule GmbH | CID000694 | Germany |
| Gold | Heraeus Germany GmbH Co. KG | CID000711 | Germany |
| Gold | Heraeus Metals Hong Kong Ltd. | CID000707 | China |
| Gold | Hunan Chenzhou Mining Co., Ltd. | CID000767 | China |
| Gold | Hunan Guiyang yinxing Nonferrous Smelting Co., Ltd. | CID000773 | China |
| Gold | HwaSeong CJ CO., LTD. | CID000778 | Korea, Republic of |
| Gold | Impala Refineries – Platinum Metals Refinery (PMR) | CID004714 | South Africa |
| Gold | Inca One (Chala One Plant) | CID004704 | Peru |
| Gold | Inca One (Koricancha Plant) | CID004705 | Peru |
| Gold | Industrial Refining Company | CID002587 | Belgium |
| Gold | Inner Mongolia Qiankun Gold and Silver Refinery Share Co., Ltd. | CID000801 | China |
| Gold | International Precious Metal Refiners | CID002562 | United Arab Emirates |
| Gold | Ishifuku Metal Industry Co., Ltd. | CID000807 | Japan |
| Gold | Istanbul Gold Refinery | CID000814 | Turkey |
| Gold | Italpreziosi | CID002765 | Italy |
| Gold | JALAN & Company | CID002893 | India |
| Gold | Japan Mint | CID000823 | Japan |
| Gold | Jiangxi Copper Co., Ltd. | CID000855 | China |
| Gold | JSC Ekaterinburg Non-Ferrous Metal Processing Plant | CID000927 | Russian Federation |
| | | | | | | | | | | |
| Gold | JSC Novosibirsk Refinery | CID000493 | Russian Federation |
| Gold | JSC Uralelectromed | CID000929 | Russian Federation |
| Gold | JX Nippon Mining & Metals Co., Ltd. | CID000937 | Japan |
| Gold | K.A. Rasmussen | CID003497 | Norway |
| Gold | Kaloti Precious Metals | CID002563 | United Arab Emirates |
| Gold | Kazakhmys Smelting LLC | CID000956 | Kazakhstan |
| Gold | Kazzinc | CID000957 | Kazakhstan |
| Gold | Kennecott Utah Copper LLC | CID000969 | United States |
| Gold | KGHM Polska Miedz Spolka Akcyjna | CID002511 | Poland |
| Gold | Kojima Chemicals Co., Ltd. | CID000981 | Japan |
| Gold | Korea Zinc Co., Ltd. | CID002605 | Korea, Republic of |
| Gold | Kundan Care Products Ltd. | CID003463 | India |
| Gold | Kyrgyzaltyn JSC | CID001029 | Kyrgyzstan |
| Gold | Kyshtym Copper-Electrolytic Plant ZAO | CID002865 | Russian Federation |
| Gold | L'azurde Company For Jewelry | CID001032 | Saudi Arabia |
| Gold | L'Orfebre S.A. | CID002762 | Andorra |
| Gold | Lingbao Gold Co., Ltd. | CID001056 | China |
| Gold | Lingbao Jinyuan Tonghui Refinery Co., Ltd. | CID001058 | China |
| Gold | LS-NIKKO Copper Inc. | CID001078 | Korea, Republic of |
| Gold | LT Metal Ltd. | CID000689 | Korea, Republic of |
| Gold | Luoyang Zijin Yinhui Gold Refinery Co., Ltd. | CID001093 | China |
| Gold | Marsam Metals | CID002606 | Brazil |
| Gold | Materion | CID001113 | United States |
| Gold | Matsuda Sangyo Co., Ltd. | CID001119 | Japan |
| Gold | MD Overseas | CID003548 | India |
| Gold | Metal Concentrators SA (Pty) Ltd. | CID003575 | South Africa |
| Gold | Metallix Refining Inc. | CID003557 | United States |
| Gold | Metalor Technologies (Hong Kong) Ltd. | CID001149 | China |
| Gold | Metalor Technologies (Singapore) Pte., Ltd. | CID001152 | Singapore |
| Gold | Metalor Technologies (Suzhou) Ltd. | CID001147 | China |
| Gold | Metalor Technologies S.A. | CID001153 | Switzerland |
| Gold | Metalor USA Refining Corporation | CID001157 | United States |
| Gold | Metalurgica Met-Mex Penoles S.A. De C.V. | CID001161 | Mexico |
| Gold | Mitsubishi Materials Corporation | CID001188 | Japan |
| Gold | Mitsui Mining and Smelting Co., Ltd. | CID001193 | Japan |
| Gold | MKS PAMP SA | CID001352 | Switzerland |
| Gold | MMTC-PAMP India Pvt., Ltd. | CID002509 | India |
| Gold | Modeltech Sdn Bhd | CID002857 | Malaysia |
| Gold | Morris and Watson | CID002282 | New Zealand |
| Gold | Moscow Special Alloys Processing Plant | CID001204 | Russian Federation |
| Gold | Nadir Metal Rafineri San. Ve Tic. A.S. | CID001220 | Turkey |
| Gold | Navoi Mining and Metallurgical Combinat | CID001236 | Uzbekistan |
| Gold | NH Recytech Company | CID003189 | Korea, Republic of |
| Gold | Nihon Material Co., Ltd. | CID001259 | Japan |
| | | | | | | | | | | |
| Gold | Ogussa Osterreichische Gold- und Silber-Scheideanstalt GmbH | CID002779 | Austria |
| Gold | Ohura Precious Metal Industry Co., Ltd. | CID001325 | Japan |
| Gold | OJSC "The Gulidov Krasnoyarsk Non-Ferrous Metals Plant" (OJSC Krastsvetmet) | CID001326 | Russian Federation |
| Gold | Pease & Curren | CID002872 | United States |
| Gold | Penglai Penggang Gold Industry Co., Ltd. | CID001362 | China |
| Gold | Planta Recuperadora de Metales SpA | CID002919 | Chile |
| Gold | Prioksky Plant of Non-Ferrous Metals | CID001386 | Russian Federation |
| Gold | PT Aneka Tambang (Persero) Tbk | CID001397 | Indonesia |
| Gold | PX Precinox S.A. | CID001498 | Switzerland |
| Gold | QG Refining, LLC | CID003324 | United States |
| Gold | Rand Refinery (Pty) Ltd. | CID001512 | South Africa |
| Gold | Refinery of Seemine Gold Co., Ltd. | CID000522 | China |
| Gold | REMONDIS PMR B.V. | CID002582 | Netherlands |
| Gold | Royal Canadian Mint | CID001534 | Canada |
| Gold | SAAMP | CID002761 | France |
| Gold | Sabin Metal Corp. | CID001546 | United States |
| Gold | Safimet S.p.A | CID002973 | Italy |
| Gold | SAFINA A.S. | CID002290 | Czech Republic |
| Gold | Sai Refinery | CID002853 | India |
| Gold | Sam Precious Metals | CID003666 | United Arab Emirates |
| Gold | Samduck Precious Metals | CID001555 | Korea, Republic of |
| Gold | SAMWON METALS Corp. | CID001562 | Korea, Republic of |
| Gold | SEMPSA Joyeria Plateria S.A. | CID001585 | Spain |
| Gold | Shandong Gold Smelting Co., Ltd. | CID001916 | China |
| Gold | Shandong Humon Smelting Co., Ltd. | CID002525 | China |
| Gold | Shandong Tiancheng Biological Gold Industrial Co., Ltd. | CID001619 | China |
| Gold | Shandong Zhaojin Gold & Silver Refinery Co., Ltd. | CID001622 | China |
| Gold | Shenzhen CuiLu Gold Co., Ltd. | CID002750 | China |
| Gold | SHENZHEN JINJUNWEI RESOURCE COMPREHENSIVE DEVELOPMENT CO., LTD. | CID004435 | China |
| Gold | Shenzhen Zhonghenglong Real Industry Co., Ltd. | CID002527 | China |
| Gold | Shirpur Gold Refinery Ltd. | CID002588 | India |
| Gold | Sichuan Tianze Precious Metals Co., Ltd. | CID001736 | China |
| Gold | Singway Technology Co., Ltd. | CID002516 | Taiwan |
| Gold | SOE Shyolkovsky Factory of Secondary Precious Metals | CID001756 | Russian Federation |
| Gold | Solar Applied Materials Technology Corp. | CID001761 | Taiwan |
| Gold | Sovereign Metals | CID003383 | India |
| Gold | State Research Institute Center for Physical Sciences and Technology | CID003153 | Lithuania |
| Gold | Sudan Gold Refinery | CID002567 | Sudan |
| Gold | Sumitomo Metal Mining Co., Ltd. | CID001798 | Japan |
| Gold | SungEel HiMetal Co., Ltd. | CID002918 | Korea, Republic of |
| Gold | Super Dragon Technology Co., Ltd. | CID001810 | Taiwan |
| Gold | T.C.A S.p.A | CID002580 | Italy |
| | | | | | | | | | | |
| Gold | Tanaka Kikinzoku Kogyo K.K. | CID001875 | Japan |
| Gold | Tokuriki Honten Co., Ltd. | CID001938 | Japan |
| Gold | Tongling Nonferrous Metals Group Co., Ltd. | CID001947 | China |
| Gold | TOO Tau-Ken-Altyn | CID002615 | Kazakhstan |
| Gold | Torecom | CID001955 | Korea, Republic of |
| Gold | Umicore Precious Metals Thailand | CID002314 | Thailand |
| Gold | Umicore S.A. Business Unit Precious Metals Refining | CID001980 | Belgium |
| Gold | United Precious Metal Refining, Inc. | CID001993 | United States |
| Gold | Valcambi S.A. | CID002003 | Switzerland |
| Gold | WEEEREFINING | CID003615 | France |
| Gold | Western Australian Mint (T/a The Perth Mint) | CID002030 | Australia |
| Gold | WIELAND Edelmetalle GmbH | CID002778 | Germany |
| Gold | Yamakin Co., Ltd. | CID002100 | Japan |
| Gold | Yokohama Metal Co., Ltd. | CID002129 | Japan |
| Gold | Yunnan Copper Industry Co., Ltd. | CID000197 | China |
| Gold | Zhongyuan Gold Smelter of Zhongjin Gold Corporation | CID002224 | China |
| Tantalum | 5D Production OU | CID003926 | Estonia |
| Tantalum | AMG Brasil | CID001076 | Brazil |
| Tantalum | Changsha South Tantalum Niobium Co., Ltd. | CID000211 | China |
| Tantalum | D Block Metals, LLC | CID002504 | United States |
| Tantalum | F&X Electro-Materials Ltd. | CID000460 | China |
| Tantalum | FIR Metals & Resource Ltd. | CID002505 | China |
| Tantalum | Global Advanced Metals Aizu | CID002558 | Japan |
| Tantalum | Global Advanced Metals Boyertown | CID002557 | United States |
| Tantalum | Guangdong Rising Rare Metals-EO Materials Ltd. | CID000291 | China |
| Tantalum | Hengyang King Xing Lifeng New Materials Co., Ltd. | CID002492 | China |
| Tantalum | Jiangxi Dinghai Tantalum & Niobium Co., Ltd. | CID002512 | China |
| Tantalum | Jiangxi Tuohong New Raw Material | CID002842 | China |
| Tantalum | JiuJiang JinXin Nonferrous Metals Co., Ltd. | CID000914 | China |
| Tantalum | Jiujiang Tanbre Co., Ltd. | CID000917 | China |
| Tantalum | Jiujiang Zhongao Tantalum & Niobium Co., Ltd. | CID002506 | China |
| Tantalum | KEMET de Mexico | CID002539 | Mexico |
| Tantalum | Materion Newton Inc. | CID002548 | United States |
| Tantalum | Metallurgical Products India Pvt., Ltd. | CID001163 | India |
| Tantalum | Mineracao Taboca S.A. | CID001175 | Brazil |
| Tantalum | Mitsui Mining and Smelting Co., Ltd. | CID001192 | Japan |
| Tantalum | Molycorp Silmet A.S. | CID001200 | Estonia |
| Tantalum | Ningxia Orient Tantalum Industry Co., Ltd. | CID001277 | China |
| Tantalum | PowerX Ltd. | CID004054 | Rwanda |
| Tantalum | QuantumClean | CID001508 | United States |
| Tantalum | Resind Industria e Comercio Ltda. | CID002707 | Brazil |
| Tantalum | RFH Yancheng Jinye New Material Technology Co., Ltd. | CID003583 | China |
| Tantalum | Solikamsk Magnesium Works OAO | CID001769 | Russian Federation |
| Tantalum | Taki Chemical Co., Ltd. | CID001869 | Japan |
| Tantalum | TANIOBIS Co., Ltd. | CID002544 | Thailand |
| | | | | | | | | | | |
| Tantalum | TANIOBIS GmbH | CID002545 | Germany |
| Tantalum | TANIOBIS Japan Co., Ltd. | CID002549 | Japan |
| Tantalum | TANIOBIS Smelting GmbH & Co. KG | CID002550 | Germany |
| Tantalum | Telex Metals | CID001891 | United States |
| Tantalum | Ulba Metallurgical Plant JSC | CID001969 | Kazakhstan |
| Tantalum | XIMEI RESOURCES (GUANGDONG) LIMITED | CID000616 | China |
| Tantalum | XinXing Haorong Electronic Material Co., Ltd. | CID002508 | China |
| Tantalum | Yanling Jincheng Tantalum & Niobium Co., Ltd. | CID001522 | China |
| Tin | Alpha | CID000292 | United States |
| Tin | An Vinh Joint Stock Mineral Processing Company | CID002703 | Vietnam |
| Tin | Aurubis Beerse | CID002773 | Belgium |
| Tin | Aurubis Berango | CID002774 | Spain |
| Tin | Chenzhou Yunxiang Mining and Metallurgy Co., Ltd. | CID000228 | China |
| Tin | Chifeng Dajingzi Tin Industry Co., Ltd. | CID003190 | China |
| Tin | China Tin Group Co., Ltd. | CID001070 | China |
| Tin | CRM Fundicao De Metais E Comercio De Equipamentos Eletronicos Do Brasil Ltda | CID003486 | Brazil |
| Tin | CRM Synergies | CID003524 | Spain |
| Tin | CV Ayi Jaya | CID002570 | Indonesia |
| Tin | CV Venus Inti Perkasa | CID002455 | Indonesia |
| Tin | Dongguan CiEXPO Environmental Engineering Co., Ltd. | CID003356 | China |
| Tin | Dowa | CID000402 | Japan |
| Tin | DS Myanmar | CID003831 | Myanmar |
| Tin | Electro-Mechanical Facility of the Cao Bang Minerals & Metallurgy Joint Stock Company | CID002572 | Vietnam |
| Tin | EM Vinto | CID000438 | Bolivia |
| Tin | Estanho de Rondonia S.A. | CID000448 | Brazil |
| Tin | Fabrica Auricchio Industria e Comercio Ltda. | CID003582 | Brazil |
| Tin | Fenix Metals | CID000468 | Poland |
| Tin | Gejiu City Fuxiang Industry and Trade Co., Ltd. | CID003410 | China |
| Tin | Gejiu Kai Meng Industry and Trade LLC | CID000942 | China |
| Tin | Gejiu Non-Ferrous Metal Processing Co., Ltd. | CID000538 | China |
| Tin | Gejiu Yunxin Nonferrous Electrolysis Co., Ltd. | CID001908 | China |
| Tin | Gejiu Zili Mining And Metallurgy Co., Ltd. | CID000555 | China |
| Tin | Guangdong Hanhe Non-Ferrous Metal Co., Ltd. | CID003116 | China |
| Tin | HuiChang Hill Tin Industry Co., Ltd. | CID002844 | China |
| Tin | Jiangxi New Nanshan Technology Ltd. | CID001231 | China |
| Tin | Luna Smelter, Ltd. | CID003387 | Rwanda |
| Tin | Ma'anshan Weitai Tin Co., Ltd. | CID003379 | China |
| Tin | Magnu's Minerais Metais e Ligas Ltda. | CID002468 | Brazil |
| Tin | Malaysia Smelting Corporation (MSC) | CID001105 | Malaysia |
| Tin | Malaysia Smelting Corporation Berhad (Port Klang) | CID004434 | Malaysia |
| Tin | Melt Metais e Ligas S.A. | CID002500 | Brazil |
| Tin | Metallic Resources, Inc. | CID001142 | United States |
| Tin | Mineracao Taboca S.A. | CID001173 | Brazil |
| | | | | | | | | | | |
| Tin | Mining Minerals Resources SARL | CID004065 | DRC- Congo (Kinshasa) |
| Tin | Minsur | CID001182 | Peru |
| Tin | Mitsubishi Materials Corporation | CID001191 | Japan |
| Tin | Modeltech Sdn Bhd | CID002858 | Malaysia |
| Tin | Nghe Tinh Non-Ferrous Metals Joint Stock Company | CID002573 | Vietnam |
| Tin | Novosibirsk Tin Combine | CID001305 | Russian Federation |
| Tin | O.M. Manufacturing (Thailand) Co., Ltd. | CID001314 | Thailand |
| Tin | O.M. Manufacturing Philippines, Inc. | CID002517 | Philippines |
| Tin | Operaciones Metalurgicas S.A. | CID001337 | Bolivia |
| Tin | Pongpipat Company Limited | CID003208 | Myanmar |
| Tin | Precious Minerals and Smelting Limited | CID003409 | India |
| Tin | PT Aries Kencana Sejahtera | CID000309 | Indonesia |
| Tin | PT Artha Cipta Langgeng | CID001399 | Indonesia |
| Tin | PT ATD Makmur Mandiri Jaya | CID002503 | Indonesia |
| Tin | PT Babel Inti Perkasa | CID001402 | Indonesia |
| Tin | PT Babel Surya Alam Lestari | CID001406 | Indonesia |
| Tin | PT Bangka Prima Tin | CID002776 | Indonesia |
| Tin | PT Bangka Serumpun | CID003205 | Indonesia |
| Tin | PT Bangka Tin Industry | CID001419 | Indonesia |
| Tin | PT Belitung Industri Sejahtera | CID001421 | Indonesia |
| Tin | PT Bukit Timah | CID001428 | Indonesia |
| Tin | PT Cipta Persada Mulia | CID002696 | Indonesia |
| Tin | PT Menara Cipta Mulia | CID002835 | Indonesia |
| Tin | PT Mitra Graha Raya | CID004685 | Indonesia |
| Tin | PT Mitra Stania Prima | CID001453 | Indonesia |
| Tin | PT Mitra Sukses Globalindo | CID003449 | Indonesia |
| Tin | PT Panca Mega Persada | CID001457 | Indonesia |
| Tin | PT Premium Tin Indonesia | CID000313 | Indonesia |
| Tin | PT Prima Timah Utama | CID001458 | Indonesia |
| Tin | PT Putera Sarana Shakti (PT PSS) | CID003868 | Indonesia |
| Tin | PT Rajawali Rimba Perkasa | CID003381 | Indonesia |
| Tin | PT Rajehan Ariq | CID002593 | Indonesia |
| Tin | PT Refined Bangka Tin | CID001460 | Indonesia |
| Tin | PT Sariwiguna Binasentosa | CID001463 | Indonesia |
| Tin | PT Stanindo Inti Perkasa | CID001468 | Indonesia |
| Tin | PT Sukses Inti Makmur | CID002816 | Indonesia |
| Tin | PT Timah Tbk Kundur | CID001477 | Indonesia |
| Tin | PT Timah Tbk Mentok | CID001482 | Indonesia |
| Tin | PT Tinindo Inter Nusa | CID001490 | Indonesia |
| Tin | PT Tirus Putra Mandiri | CID002478 | Indonesia |
| Tin | PT Tommy Utama | CID001493 | Indonesia |
| Tin | Resind Industria e Comercio Ltda. | CID002706 | Brazil |
| Tin | RIKAYAA GREENTECH PRIVATE LIMITED | CID004692 | India |
| Tin | Rui Da Hung | CID001539 | Taiwan |
| | | | | | | | | | | |
| Tin | Super Ligas | CID002756 | Brazil |
| Tin | Takehara PVD Materials Plant / PVD Materials Division of MITSUI MINING & SMELTING CO., LTD. | CID004403 | Japan |
| Tin | Thaisarco | CID001898 | Thailand |
| Tin | Tin Smelting Branch of Yunnan Tin Co., Ltd. | CID002180 | China |
| Tin | Tin Technology & Refining | CID003325 | United States |
| Tin | Tuyen Quang Non-Ferrous Metals Joint Stock Company | CID002574 | Vietnam |
| Tin | VQB Mineral and Trading Group JSC | CID002015 | Vietnam |
| Tin | White Solder Metalurgia e Mineracao Ltda. | CID002036 | Brazil |
| Tin | Woodcross Smelting Company Limited | CID004724 | Uganda |
| Tin | Yunnan Chengfeng Non-ferrous Metals Co., Ltd. | CID002158 | China |
| Tin | Yunnan Yunfan Non-ferrous Metals Co., Ltd. | CID003397 | China |
| Tungsten | A.L.M.T. TUNGSTEN Corp. | CID000004 | Japan |
| Tungsten | ACL Metais Eireli | CID002833 | Brazil |
| Tungsten | Albasteel Industria e Comercio de Ligas Para Fundicao Ltd. | CID003427 | Brazil |
| Tungsten | Artek LLC | CID003553 | Russian Federation |
| Tungsten | Asia Tungsten Products Vietnam Ltd. | CID002502 | Vietnam |
| Tungsten | China Molybdenum Co., Ltd. | CID002641 | China |
| Tungsten | Chongyi Zhangyuan Tungsten Co., Ltd. | CID000258 | China |
| Tungsten | CNMC (Guangxi) PGMA Co., Ltd. | CID000281 | China |
| Tungsten | Cronimet Brasil Ltda | CID003468 | Brazil |
| Tungsten | DONGKUK INDUSTRIES CO., LTD. | CID004060 | Korea, Republic of |
| Tungsten | Fujian Xinlu Tungsten Co., Ltd. | CID003609 | China |
| Tungsten | Ganzhou Jiangwu Ferrotungsten Co., Ltd. | CID002315 | China |
| Tungsten | Ganzhou Seadragon W & Mo Co., Ltd. | CID002494 | China |
| Tungsten | Global Tungsten & Powders LLC | CID000568 | United States |
| Tungsten | Guangdong Xianglu Tungsten Co., Ltd. | CID000218 | China |
| Tungsten | H.C. Starck Tungsten GmbH | CID002541 | Germany |
| Tungsten | HANNAE FOR T Co., Ltd. | CID003978 | Korea, Republic of |
| Tungsten | Hubei Green Tungsten Co., Ltd. | CID003417 | China |
| Tungsten | Hunan Chenzhou Mining Co., Ltd. | CID000766 | China |
| Tungsten | Hunan Jintai New Material Co., Ltd. | CID000769 | China |
| Tungsten | Hunan Shizhuyuan Nonferrous Metals Co., Ltd. Chenzhou Tungsten Products Branch | CID002513 | China |
| Tungsten | Hydrometallurg, JSC | CID002649 | Russian Federation |
| Tungsten | Japan New Metals Co., Ltd. | CID000825 | Japan |
| Tungsten | Jiangwu H.C. Starck Tungsten Products Co., Ltd. | CID002551 | China |
| Tungsten | Jiangxi Gan Bei Tungsten Co., Ltd. | CID002321 | China |
| Tungsten | Jiangxi Minmetals Gao'an Non-ferrous Metals Co., Ltd. | CID002313 | China |
| Tungsten | Jiangxi Tonggu Non-ferrous Metallurgical & Chemical Co., Ltd. | CID002318 | China |
| Tungsten | Jiangxi Xinsheng Tungsten Industry Co., Ltd. | CID002317 | China |
| Tungsten | Jiangxi Yaosheng Tungsten Co., Ltd. | CID002316 | China |
| Tungsten | JSC "Kirovgrad Hard Alloys Plant" | CID003408 | Russian Federation |
| Tungsten | Kenee Mining Corporation Vietnam | CID004619 | Vietnam |
| | | | | | | | | | | |
| Tungsten | Kennametal Fallon | CID000966 | United States |
| Tungsten | Kennametal Huntsville | CID000105 | United States |
| Tungsten | Lianyou Metals Co., Ltd. | CID003407 | Taiwan |
| Tungsten | Lianyou Resources Co., Ltd. | CID004397 | Taiwan |
| Tungsten | LLC Vostok | CID003643 | Russian Federation |
| Tungsten | Malipo Haiyu Tungsten Co., Ltd. | CID002319 | China |
| Tungsten | Masan High-Tech Materials | CID002543 | Vietnam |
| Tungsten | Moliren Ltd. | CID002845 | Russian Federation |
| Tungsten | Nam Viet Cromit Joint Stock Company | CID004034 | Vietnam |
| Tungsten | Niagara Refining LLC | CID002589 | United States |
| Tungsten | NPP Tyazhmetprom LLC | CID003416 | Russian Federation |
| Tungsten | OOO “Technolom” 1 | CID003614 | Russian Federation |
| Tungsten | OOO “Technolom” 2 | CID003612 | Russian Federation |
| Tungsten | Philippine Chuangxin Industrial Co., Inc. | CID002827 | Philippines |
| Tungsten | Shinwon Tungsten (Fujian Shanghang) Co., Ltd. | CID004430 | China |
| Tungsten | TANIOBIS Smelting GmbH & Co. KG | CID002542 | Germany |
| Tungsten | Tungsten Vietnam Joint Stock Company | CID003993 | Vietnam |
| Tungsten | Unecha Refractory Metals Plant | CID002724 | Russian Federation |
| Tungsten | Wolfram Bergbau und Hutten AG | CID002044 | Austria |
| Tungsten | Xiamen Tungsten (H.C.) Co., Ltd. | CID002320 | China |
| Tungsten | Xiamen Tungsten Co., Ltd. | CID002082 | China |
| Tungsten | YUDU ANSHENG TUNGSTEN CO., LTD. | CID003662 | China |
** One of our OEMs reported the presence of this entity in its supply chain. This entity was sanctioned by the United States Department of Treasury, Office of Foreign Assets Control on March 17, 2022 (specifically, CID003185 - African Gold Refinery). The OEM reporting this entity is currently working with its suppliers to remove this entity from its upstream supply chain.
Countries of Origin
Below is a list of countries from which the above smelters and refiners are known to source conflict minerals.
| | |
| Angola |
| Argentina |
| Armenia |
| Australia |
| Austria |
| Belarus |
| Belgium |
| Bermuda |
| Bolivia |
| Brazil |
| Burundi |
| Cambodia |
| Canada |
| | |
| Central African Republic |
| Chile |
| China |
| Colombia |
| Congo (Brazzaville) |
| Czech Republic |
| Djibouti |
| DRC- Congo (Kinshasa) |
| Ecuador |
| Egypt |
| Estonia |
| Ethiopia |
| Finland |
| France |
| Germany |
| Ghana |
| Guinea |
| Guyana |
| Hong Kong |
| Hungary |
| India |
| Indonesia |
| Ireland |
| Israel |
| Italy |
| Ivory Coast |
| Japan |
| Jersey |
| Kazakhstan |
| Kenya |
| Korea, Republic of |
| Kyrgyzstan |
| Laos |
| Luxembourg |
| Madagascar |
| Malaysia |
| Mali |
| Mexico |
| Mongolia |
| Morocco |
| Mozambique |
| Myanmar |
| Namibia |
| | |
| Netherlands |
| New Zealand |
| Niger |
| Nigeria |
| Papua New Guinea |
| Peru |
| Philippines |
| Poland |
| Portugal |
| Russian Federation |
| Rwanda |
| Saudi Arabia |
| Sierra Leone |
| Singapore |
| Slovakia |
| South Africa |
| South Sudan |
| Spain |
| Suriname |
| Sweden |
| Switzerland |
| Taiwan |
| Tajikistan |
| Tanzania |
| Thailand |
| Turkey |
| Uganda |
| United Arab Emirates |
| United Kingdom |
| United States |
| Uzbekistan |
| Vietnam |
| Zambia |
| Zimbabwe |
Grafico Azioni Stem (NYSE:STEM)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni Stem (NYSE:STEM)
Storico
Da Dic 2023 a Dic 2024
