Zambia and DRC together hold roughly 70 percent of world''s cobalt reserves. Therefore, it is essential to harmonise our strategies and development policies in the mining and industrial
1 天前· ZAM President Ashu Sagar highlighted a 2.5% growth in the manufacturing sector despite challenges. Proudly Zambia Chairperson Kim Otteby noted the meeting''s importance
Zambia has advanced its manufacturing sector with potential to produce car batteries. For this reason, the southern Africa country has sought for a partnership with its neighbour DRC to boost their mining and manufacturing sectors to be able to take advantage of the global demand for cobalt and lithium-ion batteries.
Zambia’s foreign affairs and international cooperation minister Stanley Kakubo expressed support for the partnership saying: “The joint Zambia-DRC battery precursor initiative has a vision to create a competitive electric vehicle battery value chain aimed towards sustainable development and inclusive growth.
The two governments recently signed a memorandum of understanding; “Zambia–DRC Battery Council” which they hope will make them massive producers and refiners of cobalt for electric vehicle batteries.
Zambia and DRC have vibrant mining sectors. They form part of the so called “Copper belt” which stretches from the Central African Republic, the DRC and Zambia. This region accounts for the world’s largest supply for cobalt, a mineral used in the production of lithium-ion batteries.
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