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 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.

Will Kibo energy roll out a vanadium redox flow battery in southern Africa?

Kibo Energy will roll out CellCube’s vanadium flow battery across projects in the Southern Africa region. Image: Enerox/Cellcube. CellCube has signed a five-year agreement with an energy asset developer to deploy 1GW-plus of its vanadium redox flow batteries (VFRBs) in Southern Africa.

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.

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.

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.