About Democratic Congo Energy Storage System Lithium Battery Plant
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About Democratic Congo Energy Storage System Lithium Battery Plant video introduction
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5 FAQs about [Democratic Congo Energy Storage System Lithium Battery Plant]
Can the Democratic Republic of the Congo produce lithium-ion battery cathode precursor materials?
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.
Why does the DRC rely on hydroelectric power plants?
This is due to the DRC’s proximity to cathode raw materials and heavy reliance on hydroelectric power plants.
How much would a DRC plant cost?
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.
How much cobalt does the DRC produce?
“The DRC produces about 70 per cent of global cobalt but captures just 3 percent of the battery and electric vehicle value chain.
Why is the DRC a cost competitive country?
“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.
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