Morocco sodium ion battery suppliers

Who owns the Moroccan subsoil?

Until now, two local giants have reigned unchallenged over the Moroccan subsoil: OCP Group, the phosphates giant, which is 95% state owned, and Managem, a subsidiary of the royal holding company Al Mada, which produces gold, silver, cobalt, copper, zinc and lead, and is headed by Imad Toumi.

Is the Mont Tropic underwater lithium deposit a threat to Morocco?

The Mont Tropic underwater lithium deposit, located near the border with Mauritania and the Canary Islands, is believed to be one of the largest strategic mineral reserves in Africa. Exploiting it would require mining groups prepared to take high geopolitical and environmental risks, even if these would necessarily be shared with Moroccan groups.

How many electric cars will Morocco produce a year?

The planned annual production is 70 GWh. That should be enough for more than one million electric vehicles. Production is mainly for export to meet the high demand in Europe and America – but the partners do not name potential customers. The investment volume is about 20 billion Moroccan dirhams (1.8 billion euros).

Are CNGR and Al Mada planning a joint venture to produce battery materials?

CNGR Advanced Materials and the African investor Al Mada are planning a joint venture to produce battery materials in Morocco. The exact location for the plant has already been announced, as has the start of production - provided the official permits are granted in time.

What will CNGR and Al Mada do in Morocco?

CNGR and Al Mada plan to build a plant in Jorf Lasfar in the El Jadida region of Morocco to process national raw materials (especially cobalt, phosphate and manganese) into battery components. The focus will be on producing precursors for NCM and LFP cathode materials. The plant will also include recycling facilities.

Does the Moroccan subsoil contain cobalt?

The Canadian and his compatriot Marc-Antoine Audet - a geologist who has accompanied him on his West African adventures over the past decade (AI, 23/03/22) - are convinced that the Moroccan subsoil harbours many strategic metals, not just the cobalt mined from Bou Azzer, which Managem operates.