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Congo plans to push into battery manufacturing

Date: 27 November 2021 Tags: Miscellaneous
  • Democratic Republic of Congo’s government would push to develop domestic battery manufacturing capacity to add value to its exports of minerals such as cobalt and copper.
  • Congo mines around two-thirds of the world’s cobalt, an ingredient in lithium-ion batteries, and is Africa’s leading producer of copper. Demand for the minerals is rising to power electric vehicles and electronic devices.
  • But Congo exports its minerals for only a fraction of the final cost of the batteries, which are mostly manufactured in Asia.