Mining News

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

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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