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).
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.
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 produces about 70 per cent of global cobalt but captures just 3 percent of the battery and electric vehicle value chain.
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