Lithium-Cobalt Value Chain Analysis for Mineral Based Industrialization in Africa
The world is about to witness a revolution in the transport system as countries and developmental organizations, at global and regional levels, ratify a raft of new laws and guidance on the adoption of the Electric Vehicle (EV).
Electrical vehicles offer an alternative to the internal combustion engine (ICE) in a bid to reduce the use of fossil fuel.
The solution to reducing fossil fuel emissions lies in the production of Lithium ion batteries (LIB), which use several mineral, among them lithium and cobalt (Li-Co), manganese, nickel, aluminium, graphite, rare earth elements (REE), iron, copper, as well as phosphate.
Though Li-Co metals and REE are relatively scarce, they are the core enablers of this transport revolution.