First Independent Mena Newspaper
Morocco’s booming EV battery industry positions the country to become an export hub to the EU and the US by 2030, said a report commissioned by the UK government under its Manufacturing Africa program. Morocco “could competitively produce and export LFP batteries to Europe by 2030 at USD 68-72/kWh. This could generate USD 10-15 billion […]
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 […]