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Category: Battery Metals

Belgium ready to support the project to install a precursor electric battery factory in Haut-Katanga, DRC 1 Battery Metals Mining in DRC 

Belgium ready to support the project to install a precursor electric battery factory in Haut-Katanga, DRC

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The Congolese Minister of Industry, Julien Paluku Kahongya, and the Honorary President of the Federal Parliament of Belgium, current Minister of State, André Flahaut, exchanged, on Monday June 27, 2022, in Kinshasa, on the will of the Kingdom of Belgium through its companies to support the DRC in the installation of a precursor electric battery factory in the province of Haut-Katanga. This desire is indeed manifested in the context of the establishment of Special Economic Zones (SEZs). “My visit to Kinshasa falls within the framework of the extension of all… Read More Here
Electric battery industry to generate about 168 billion USD by 2030 2 Battery Metals Lithium Mining in DRC 

Electric battery industry to generate about 168 billion USD by 2030

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In a report released a few hours ago, Global Data reports that battery industry revenue is expected to exceed US$168 billion by 2030, registering a compound annual growth rate (CAGR) by 14%. The report states that the market will be driven up by sales of lithium-ion batteries. According to Global Data analyst Michael Orme, it is the Chinese battery manufacturer CATL that today symbolizes this dominance. “  CATL rose from almost nothing five years ago to capture more than 30% of the global market, which is twice the share of the… Read More Here
6.6 million electric cars sold in 2021, tensions over raw materials are the risk factors for this sector 3 Battery Metals International Lithium 

6.6 million electric cars sold in 2021, tensions over raw materials are the risk factors for this sector

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Despite its undeniable rise in the automotive market in recent years, the electric car automotive industry will face several risks related to the supply of raw materials. According to a report by the International Energy Agency (IEA), lithium needs are particularly critical. They are expected to increase sixfold by 2030, to 500 kilotonnes, requiring the opening of 50 new mines. These minerals are extracted mainly in countries such as Australia, Chile or the Democratic Republic of Congo, considered as the new destination for this market. But China produces three-quarters of lithium-ion… Read More Here
Chinese, Australian investors battle for largest lithium deposit 4 Mining in DRC Battery Metals International Lithium 

Chinese, Australian investors battle for largest lithium deposit

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Australia’s AVZ Minerals Ltd. is battling to retain control of what is potentially the world’s largest untapped lithium deposit amid ownership claims from Chinese investors, according to Boatman Capital. AVZ’s interest in the Manono lithium project in the Democratic Republic of Congo could fall to 36% from 75%, London-based short-seller Boatman said in a research report on Friday. That may follow its planned sale of a 24% stake this month and a flurry of lawsuits from companies, including Zijin Mining Group Co., claiming ownership, documents published by Boatman show. “At best,… Read More Here
Julien Paluku describes project to install a pilot plant in the DRC for precursors of electric batteries in Switzerland 5 Battery Metals Mining in DRC 

Julien Paluku describes project to install a pilot plant in the DRC for precursors of electric batteries in Switzerland

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The Democratic Republic of Congo was represented by the Minister of Industry Julien Paluku, at the conference on cobalt organized on Tuesday by the firm Cobalt Institute in Zurich, Switzerland. In his speech to Swiss investors, the Congolese minister presented the ongoing project to install a pilot plant for electric battery precursors in Lubumbashi, in the province of Haut-Katanga. This is within the framework of the development of a regional value chain for electric vehicles and batteries as well as clean energies. Julien Paluku, referring to a study conducted by Bloomberg,… Read More Here
Electric vehicles surpass phones as top driver of cobalt demand 6 Battery Metals Cobalt International Mining in DRC 

Electric vehicles surpass phones as top driver of cobalt demand

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Electric vehicles (EVs) overtook smartphones and other high-tech devices for the first time last year as the main driver of cobalt demand, with the sector consuming 59,000 tonnes of the battery metal, or 34% of the total globally. According to a report published on Tuesday by the Cobalt Institute, cellphones manufacturers consumed 26,000 tonnes of the metal used in lithium-ion batteries, while laptops and tablets accounted for 16,000 tonnes of the total demand, which reached 175,000 tonnes. The figure contrasts with the 160,000 tonnes of cobalt mined last year, highlighting one of… Read More Here
Battery boom pulls trading giant Trafigura into lithium business 7 Battery Metals International Lithium 

Battery boom pulls trading giant Trafigura into lithium business

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Trafigura Group said its plan to invest in a new UK lithium refinery will mark the start of the trading giant’s foray into buying and selling the crucial battery metal. Last week’s agreement to back the plant being developed by startup Green Lithium brings the world’s top independent commodities trader into a market struggling to create enough new supply to meet demand for electric vehicles. The deal is part of Trafigura’s plan to grow a lithium trading book and link global car and battery companies to mines, its nickel and… Read More Here
Electric cars to account for over 80% of battery demand in next 20 years despite current challenges – report 8 Battery Metals International 

Electric cars to account for over 80% of battery demand in next 20 years despite current challenges – report

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Electric cars are expected to account for 79% of the EV market revenues and 83% of battery demand in the next two decades despite some current challenges, a new report by IDTechEx shows. According to the research firm, the reason for cars to continue to lead the EV sectors is that they have long been the focus of government policy for their popularity and the need to reduce road emissions. At present, electric cars are the largest market among EVs, with sales more than doubling in 2021 to over 6.4 million. But… Read More Here
white and orange gasoline nozzle Mining in DRC Battery Metals 

Battery and electric vehicle market: members of the DRC government called upon to play their part as quickly as possible

arnbethnic
The Minister of Industry Julien Paluku, during the 53rd meeting of the Council of Ministers, took stock of the significant progress made in the context of the implementation of the recommendations of the DRC Africa Business Forum, especially with regard to the cooperation with States producing electric battery components. According to him, the signing of the joint declaration by the Heads of State of the DRC and Zambia on April 29, 2022 in Lusaka preceded by the signing of the cooperation agreement between the two countries represented by their ministers… Read More Here
Demonization of 3T (coltan, cassiterite & tungsten) traceability, Global Witness plays SMB PR agent 9 Mining in DRC Battery Metals 

Demonization of 3T (coltan, cassiterite & tungsten) traceability, Global Witness plays SMB PR agent

arnbethnic
TRIBUNE – With more than 60% of the world’s coltan reserves, the DRC has regained, following significant progress in terms of strengthening the control and transparency of supply chains, its letters of nobility by positioning itself usefully on the market. international 3 T (coltan, cassiterite, tungsten). Since   2017, and the trend continues, it is the first producer of coltan, thus relegating, on the one hand, to the bottom of the scale certain neighboring countries which thus pranced unduly in the lead and giving, on the other hand, a lead to retaliate… Read More Here

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