Why are EV batteries becoming more popular in Morocco?

This gives Morocco a competitive advantage in future EV battery production, as lithium iron phosphate (LFP) batteries are increasingly being used as they are cheaper, safer and last longer than their cobalt-based counterparts.

Who is building a joint EV battery plant in Morocco?

South Korea’s LG Chem Ltd has entered into partnership with China’s Huayou Group’s subsidiary Youshan to build a joint electric vehicle (EV) battery material plant in Morocco in an effort to diversify its portfolio.

Will Morocco build a lithium refinery & cathode plant?

Morocco gained a further boost on Sunday after South Korea’s LG Chem and China’s Huayou Cobalt said they would build a lithium refinery and cathode materials plant in the country.

Are electric cars becoming more popular in Morocco?

Today, demand for electric batteries is growing both outside and within Morocco, where Citroen plans to double its production capacity in Kenitra, in the north-west of the country, from 50,000 supermini electric cars within two years.

How will Morocco benefit from China's battery industry?

Morocco is starting to benefit as a bridge between Chinese companies and western markets as countries race to build battery industries that will determine the future shape of the automotive and clean energy sectors.

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.