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.
“The DRC produces about 70 per cent of global cobalt but captures just 3 percent of the battery and electric vehicle value chain.
Global Witness’ report raises key questions around how future production and its environmental impacts will be managed and who stands to benefit if the DRC’s deposits of hard-rock lithium are exploited to meet the growing demand for minerals critical to renewable energy technologies.
This is due to the DRC’s proximity to cathode raw materials and heavy reliance on hydroelectric power plants.
13 December 2021 (Updated 31 January 2022) – A new investigation into the DRC’s nascent but globally significant lithium sector sounds the alarm on a swathe of potential supply chain risks.
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.
DR Congo wants to move up the battery supply chain
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DR Congo wants to move up the battery supply chain
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