Africa is emerging as a key player in the global battery supply chain, with a new report highlighting the continent’s potential to become 40% more competitive in refining essential minerals like lithium, nickel, manganese, and copper by 2030. By building high-quality refineries for each mineral, Africa could unlock an additional $6.8 billion in annual revenue and create thousands of jobs, strengthening the global supply chain for battery production.
The report, presented at a growth and renewable energy event in Lagos, Nigeria, reveals that certain African countries, such as Tanzania and Morocco, are already well-positioned to produce batteries at a cost-competitive rate with Europe. Optimizing these conditions could help African nations capitalize on their rich mineral resources, contributing to the growing demand for electric vehicles and renewable energy solutions worldwide.
With the world increasingly relying on clean energy technologies, Africa’s opportunity to refine and manufacture critical battery components locally not only boosts regional economies but also strengthens global supply chain resilience. This shift represents a significant opportunity for Africa to lead in the next phase of the global energy transition.
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