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BloombergNEF presents compelling case for DRC to become battery value chain champion

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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, says strategic research provider BloombergNEF (BNEF).

It estimates that it would cost $39-million to build a 10 000 t cathode precursor plant in the DRC. This is three times cheaper than what a similar plant in the US would cost.

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