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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.

Dates: Tuesday, September 17, 2024 - Wednesday, September 18, 2024 Venue: Fleuve Congo Hotel, Kinshasa, Congo Democratic Republic The DRC-Africa Battery Metals Forum is the prime engagement platform for cobalt, copper, lithium, nickel, graphite, manganese, rare earths and 3 T producers, battery manufacturers, traders, investors, and NGOs in Africa.

“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.

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'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.