London and Kinshasa, November 24, 2021 – The Democratic Republic of the Congo (DRC) can leverage its abundant cobalt resources and hydroelectric power to become a low-cost and low-emissions producer of lithium-ion battery cathode precursor materials. At the behest of UN Economic Commission for Africa (ECA), Afreximbank, the African ...
London and Kinshasa, November 24, 2021 – The Democratic Republic of the Congo (DRC) can leverage its abundant cobalt resources and hydroelectric power to become a low-cost and low-emissions producer of lithium-ion battery cathode precursor materials.
“As substantiated by the BloombergNEF report, the prospect of the expanding the value chain of development of lithium-ion batteries and electric vehicles value chains to DRC and Africa is both financially and environmentally appealing,” commented Dr. Sidi Ould Tah, Director General of the Arab Bank for Economic Development in Africa (BADEA).
Study identifies DRC as a favorable destination for the manufacturing of sustainable battery materials used in high-nickel batteries
In so doing, the country and the rest of Africa can extend their access from the USD271 billion battery precursor segment to the more lucrative USD1.4 trillion combined battery cell production and cell assembly segments of the battery minerals global value chain.
“The DRC’s cost competitiveness comes from its relatively cheap access to land and low engineering, procurement and construction, or EPC, cost compared to the U.S., Poland and China,” said Kwasi Ampofo, lead author of the report and BNEF’s head of metals and mining.
African countries could play a major role in the lithium-ion battery supply chain by taking advantage of their abundant natural resources and onshoring more of the value chain.
London and Kinshasa, November 24, 2021 – The Democratic Republic of the Congo (DRC) can leverage its abundant cobalt resources and hydroelectric power to become a low-cost and low-emissions producer of lithium-ion battery cathode precursor materials. At the behest of UN Economic Commission for Africa (ECA), Afreximbank, the African ...
The Democratic Republic of Congo (DRC) could build its own factory for the local manufacture of batteries for electric vehicles, thanks to its natural resources, notably cobalt and lithium. The project, contained in a study report by technology provider BloombergNEF (BNEF), will allow the central African country to reduce carbon dioxide ...
The Democratic Republic of the Congo (DRC) holds a remarkable 51% of the world''s cobalt reserves and possesses substantial hydroelectric power potential. This unique positioning places the country in an ideal position to emerge as a low-cost and low-emissions producer of lithium-ion battery precursor materials and cells, according to a report ...
The Democratic Republic of Congo was represented by the Minister of Industry Julien Paluku, at the conference on cobalt organized on Tuesday by the firm Cobalt Institute in Zurich, Switzerland. In his speech to Swiss investors, the Congolese minister presented the ongoing project to install a pilot plant for electric battery ...
Yaounde/Kinshasa, 30 June 2021 (ECA) – A senior official of the Subregional Office for Central Africa of the United Nations Economic Commission for Africa (ECA/SRO-CA) has urged the Government and private stakeholders of the Democratic Republic of the Congo (DRC) to fully appropriate the African Mining Vision of 2009 in order to sustainably exploit and beneficiate the
Despite the Democratic Republic of the Congo''s mineral wealth, the majority of its citizens live in poverty. Governance of its extractive sector is weak and characterized by opacity and corruption—from licensing and …
Kinshasa, DRC, 20 June 2023 – The Economic Commission for Africa (ECA), in collaboration with the Ministry of Industry and the Congolese Battery Council, organized a workshop on "Financing needs and mechanisms of the Special Economic Zone (SEZ) of the battery in the Democratic Republic of Congo."
The increasing use of renewable energy technology is driving major demand for minerals such as copper and cobalt, a key ingredient in electric batteries. This could be a golden opportunity for the Democratic Republic of …
Determined to play a leading role in this global market, the Democratic Republic of Congo (DRC) is increasing its work on establishing an electric battery value chain. To this end, the Congolese Battery Council (CCB) in collaboration with …
The Democratic Republic of the Congo is home to the world''s deadliest conflict since WWII. Over 5.4 million people have lost their lives in the last fifteen years. The conflict in the Congo has many different aspects. It began largely because of ethnic tensions, political strife, and land rights. However, this conflict has evolved into a ...
In King Leopold''s Steps: The Investors Bankrolling the PHC Oil Palm Plantations in the Democratic Republic of Congo. As community efforts to reclaim 100,000 hectares of their ancestral land, initially seized over a century ago for oil palm plantations, are met with violent repression, unlawful arrests, and murder, In King Leopold''s Steps: The Investors Bankrolling …
The Democratic Republic of the Congo (DRC) holds a remarkable 51% of the world''s cobalt reserves and possesses substantial hydroelectric power potential. This unique …
Fast facts. Official name: Democratic Republic of the Congo Capital city: Kinshasa Population: 111.8 million Area: 2,344,858 sq km Major languages: French, Lingala, Kingwana, Kikongo, Tshiluba Time zone: UTC+1 (West / Central African Time) Interesting facts about the Democratic Republic of Congo. 1. The Democratic Republic of Congo in Central Africa is often referred to …
Sharm El-Sheikh, Egypt: With the world adopting cleaner energy transitions, ambitious efforts to accelerate plans for low-cost and low-emissions lithium-ion battery cathode precursor materials in the Democratic …
"The DRC has set a goal to become one of the world''s largest battery producers around 2030 or 2040," he says. At the conference, there is also talk of Congo as a future producer of e-cars.
The Cobalt Institute is a trade association composed of producers, users, recyclers, and traders of cobalt. We promote the sustainable and responsible production and use of cobalt in all its forms.
Precursor plant location. Stakeholders suggest that this remains a point of disagreement between the DRC and Zambia. The governments initially agreed to construct the precursor plant in a cross-border special economic zone, but it seems that this shared site may be ultimately deemed unviable.The plant will therefore likely sit in one country or the other, and …
London and Kinshasa, November 24, 2021 – The Democratic Republic of the Congo (DRC) can leverage its abundant cobalt resources and hydroelectric power to become a low-cost and low-emissions producer of …
The Democratic Republic of Congo was represented by the Minister of Industry Julien Paluku, at the conference on cobalt organized on Tuesday by the firm Cobalt Institute in Zurich, Switzerland. In his speech to …
Sharm El-Sheikh, Egypt: With the world adopting cleaner energy transitions, ambitious efforts to accelerate plans for low-cost and low-emissions lithium-ion battery cathode precursor materials in the Democratic Republic of Congo (DRC) and Zambia are nearing reality, with a feasibility study outcome expected in five months. While addressing the ...
The goal of this MOU is to establish an entire value chain—from mineral extraction to the assembly line—around EV batteries in the Democratic Republic of Congo and Zambia. The shift from overreliance on natural resources to manufacturing and the diversification of the DRC''s economy are essential for the country to achieve its full potential.
By ensuring a consistent supply of raw materials to battery manufacturers, the council aims to align with President Félix-Antoine Tshisekedi''s vision for local integration of battery value chains.
The Democratic Republic of Congo (DRC) is located in the central part of African countries. It is currently considered to be the second-largest country in Africa after Algeria with an area of 2,344,799 km 2 for a population estimated at 80 million inhabitants. It includes one of the most important sources of natural wealth on the planet (Samndong & Nhantumbo, 2015).
Kinshasa, DRC, 20 June 2023 – The Economic Commission for Africa (ECA), in collaboration with the Ministry of Industry and the Congolese Battery Council, organized a workshop on …
By ensuring a consistent supply of raw materials to battery manufacturers, the council aims to align with President Félix-Antoine Tshisekedi''s vision for local integration of battery value chains.
The goal of this MOU is to establish an entire value chain—from mineral extraction to the assembly line—around EV batteries in the Democratic Republic of Congo and Zambia. The …
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