Renault Group opts for Moroccan cobalt for its EV batteries

Renault Group will buy Moroccan cobalt from Managem starting from 2025 as it seeks to bolster battery production for its electric vehicles. A memorandum of understanding was signed between the two companies amid higher demand for low carbon cobalt from carmakers. Under this deal, Managem will supply 5000 tons of sulfate cobalt annually for a […]

Morocco reinforces caution after it found first coronavirus case in man coming from Italy

Morocco has reported its first coronavirus case in a young Moroccan man coming from northern Italy as the North African country reinforces its precautions to prevent the spread of the virus, the health ministry said. The man entered Morocco on February 29 without symptoms but fell sick later and tests turned out to be coronavirus […]

Morocco’s Central Bank pauses monetary tightening as inflation eases

Morocco’s central bank pauses its monetary tightening as inflation is expected to further drop to 2.6% in 2024 from 6% in 2023 amid preparations for reconstruction in earthquake-hit areas. Speaking to the press Abdellatif Jouahri highlighted the uncertainties of the global economy and the need for vigilance, adding that holding the key interest rate as […]