Can the Democratic Republic of the Congo produce lithium-ion battery cathode precursor materials?
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.
Will China start producing lithium in the Democratic Republic of Congo?
China’s Zijin Mining Group aims to start producing lithium in the Democratic Republic of Congo early next year from one of the world’s largest deposits of the battery metal. Zijin is accelerating activity at a site in southeast Congo that’s still claimed by AVZ Minerals.
How can Africa extend its access to the battery industry?
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.
Where do European batteries come from?
“European cell manufacturers currently rely heavily on China for battery precursors. However, the raw materials for batteries are, in most cases, imported into China from Africa and refined before being exported to Europe.
Does Zijin own a copper mine in Congo?
Zijin also has interests in two copper mines in Congo, including a 39.6% stake in the giant Kamoa-Kakula complex, which is a partnership with Ivanhoe Mines Ltd. Congo’s mines ministry didn’t respond to a request for comment. Subscribe to improve your user experience... Already a subscriber? Forgotten your password?
How can a region attract a battery component or cell manufacturer?
James Frith, head of energy storage at BNEF said: “For regions to successfully attract battery component or cell manufacturing they need to have either a supply of key raw materials or local demand for batteries. If they have access to raw materials, they can use this supply to attract downstream manufacturers.
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