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.

Why should the Congolese government invest in EV & battery storage?

It also highlights the potential for increased engagement with the Congolese government to promote global trade of these valuable resources. As the EV and battery storage industries grow, the International Energy Agency (IEA) has predicted that total demand for lithium will rise by close to 90% by 2040.

Why does the DRC rely on hydroelectric power plants?

This is due to the DRC’s proximity to cathode raw materials and heavy reliance on hydroelectric power plants.

How much cobalt does the DRC produce?

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

What role does the DRC play in the electric vehicle industry?

Photo: Unsplash The DRC plays a key role in the electric vehicle industry, supplying crucial minerals while facing labor and economic challenges.

How much would a DRC plant cost?

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.