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—James Frith, head of energystorage at BNEF. Africa has a wealth of critical battery raw materials and is in a position to use these to attract more value-add in downstream processing and manufacturing. The DRC produces about 70% of global cobalt but captures just 3% of the battery and electric vehicle value chain.
Russia, Madagascar, Ukraine, Norway, Canada, India, and Sri Lanka make up the remaining Top 10 countries that produce graphite. The completed portion of the plant was operational, and it produced battery cells, battery packs, drive units, and energystorage products. Graphite and the Inflation Reduction Act.
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