Is there a battery industry in DRC and Zambia?
One of the key obstacles to realizing a battery industry in DRC and Zambia is the limited capacity for mineral processing and refining. Currently, most of the region’s mineral wealth is exported in raw form, which means that much of the value is captured abroad.
Will Zambia start electric vehicle battery production in 2024?
Zambia has announced plans to begin electric vehicle battery production in 2024 in partnership with China. However, significant infrastructure investments are needed to support these efforts, as well as technical expertise to ensure that local industries can meet global standards.
Why are DRC and Zambia establishing a regional battery value chain?
The DRC and Zambia have taken concrete steps since 2021 to establish a regional battery value chain. This shift is driven by global demand for battery minerals such as cobalt, nickel, manganese, and lithium, as part of decarbonization efforts and increased investment in electric vehicles (EVs) and renewable energy.
Why should Zambia invest in rechargeable batteries?
The surge in demand for rechargeable batteries, driven by smartphone usage and renewable energy storage needs presents vast opportunities for Zambia and the continent to propel development anchored on the clean energy transition.
Will Zambia partner with DRC to produce electric vehicles?
Zambia says it will seek Western lenders for its plans to partner with the Democratic Republic of Congo (DRC) to jointly start producing electric vehicles batteries and cement a firm position in the global supply chain.
Who supports battery industry initiatives in Africa?
Multilateral organizations, including the United Nations Economic Commission for Africa (UNECA) and the African Export and Import Bank (Afrexim Bank), have provided technical assistance to support the battery industry initiatives.
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