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 DRC set up a battery Council to promote cleaner energy?

KINSHASA, Nov. 24 (Xinhua) -- The Democratic Republic of Congo (DRC) is to set up a battery council to promote cleaner energy, the DRC's Prime Minister Jean-Michel Sama Lukonde announced Wednesday at the opening of the 2021 DRC-Africa Business Forum.

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.

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.

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.

Why is the DRC a cost competitive country?

“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.