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.
Last month, Africa’s first Chinese-owned lithium concentrate plant started up trial production at Arcadia, in Zimbabwe. That mine was bought by Huayou Cobalt in 2021 for $422mn, part of a recent billion-dollar wave of Chinese lithium deals in a country where many western investors fear to tread.
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.
Many other African lithium projects are far from ports; Andrada’s mine is a rare exception but Uis still lacks a tarred road. Lithium metal from Manono will require a 630km road just to get to the Zambian border, where queues as long as 70 kilometres have held up trucks laden with copper and cobalt.
Commodity trading giant Trafigura predicts Africa could supply a fifth of the world’s lithium in 2030 while Susan Zou, an analyst at Rystad Energy, says the continent “could be a rising star for lithium minerals”. “If you look at the development of mines in Africa, they are quick.”
Zimbabwe’s lithium boom also comes with the unpredictable politics of the Zanu-PF government. In December, the country banned exports of raw lithium ore to stifle informal mining and favour local processing, but the decision could increase project costs.
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In a report released at the DRC-Africa 2021 Business Forum in Kinshasa, several experts advocate the creation of a battery production plant for electric vehicles in the …
The lithium mine is to have a construction plant with a processing capacity of 4.5 million tonnes of ore and a production capacity of 400,00 tonnes of lithium concentrate per year. As of October 2021, the Arcadia project had 15.8 …
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 …
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According to BloombergNEF, the DRC could leverage its cobalt resources and hydroelectric power to become a low-cost and low-emissions producer of lithium-ion battery …
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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 …
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According to a publication by the institute, building a plant in Congo to produce the precursor for a battery could cost only a third of an equivalent plant in China or the US.
The lithium mine is to have a construction plant with a processing capacity of 4.5 million tonnes of ore and a production capacity of 400,00 tonnes of lithium concentrate per …
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It reports that for each EV battery with 100 kWh of storage, up to 20 kg of cobalt are required. Kinshasa expects that cobalt demand will double from 145,000 tonnes in 2020 to …
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