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US releases signed MOU with Congo and Zambia to strengthen EV battery value chain

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Through this MOU, the United States will support the commitment between the Democratic Republic of Congo (DRC) and Zambia to develop jointly a supply chain for electric vehicle batteries. Zambia is the world’s sixth-largest copper producer, and the second largest cobalt producer in Africa.

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BNEF: producing battery materials in the DRC could lower supply-chain emissions and add value to the country’s cobalt

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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, according to a new study on a unified African supply chain by BloombergNEF (BNEF).

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