A study has identified the Democratic Republic of the Congo as a "favorable destination" for the supply of lithium-ion battery materials— despite ongoing humanitarian
With its large reserves of lithium and cobalt, the DRC has a major role to play in the energy transition. Indeed, these elements are essential components for the manufacture of electric vehicle batteries. The expansion of global demand
The Democratic Republic of the Congo could leverage its abundant cobalt resources and hydroelectric power to become a low-cost, low-emissions producer of lithium-ion battery cathode precursor materials.
Cobalt is a key ingredient in lithium-ion batteries (LIBs). Demand for LIBs is expected to increase by 15 times by 2030 [1,2] due to increased wind and solar generation
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
Best practices for ensuring lithium-ion battery safety Limiting the size of storage areas, and ensuring they are dedicated to Lithium-ion battery storage only. Consideration of externally sited, non-combustible containers or
A study has identified the Democratic Republic of the Congo as a "favorable destination" for the supply of lithium-ion battery materials— despite ongoing humanitarian concerns about the mining practices in the
To avoid insufficient power supply, we designed a 150kWh lithium battery as a backup at night. Then the solar panels will increase because, in addition to the daytime power supply to the
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
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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.
Africa has a wealth of critical battery raw materials and is in a position to use these to attract more value-add in downstream processing and manufacturing.”
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.
This is three times cheaper than what a similar plant in the U.S. would cost. A similar plant in China and Poland would cost an estimated $112 million and $65 million, respectively. Precursor material produced at plants in the DRC could be cost competitive with material produced in China and Poland but with a lower environmental footprint.
“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.
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