Morocco’s Managem teams up with China Electronics Corporation on Cobalt project

Reminex SA, a subsidiary of Morocco’s largest mining company Managem, signed a partnership agreement with global engineering company China Electronics Corporation on a cobalt sulfate factory.

“This strategic and know-how sharing partnership represents a major opportunity to build an industrial cluster and contribute to the Moroccan-Chinese alliance,” Reminex said in a statement.

The new plant is part of Managem’s strategy to expand its strategic metals portfolio and meet the growing demand by EV battery manufacturers.

Both cobalt and sulfate are critical to investments in the renewable energy industries with rising demand from the automotive sector in particular.

Morocco has one of the finest cobalt mines in the world and has attracted manufacturers like BMW and Renault, which signed supply deals with Managem.