DRC to Expand Exploration for Energy Transition Metals

DRC. energy transition

He added that exploration for the key minerals – nickel and chrome – is expected “in the next few days.”

The DRC is home to more than 50% of the world’s cobalt reserves, which serve as one of the key metals for the production of electric vehicles, thus placing the country in a strategic position to participate in the global energy transition while serving to drive socioeconomic development.

The President highlighted that improvements in the DRC’s regulatory environment and the creation of a special economic zone around lithium deposits in the southeastern portion of the country is expected to attract new investment from financiers, mining operators, equipment manufacturers, and subcontractors.

Used in batteries, solar components, wind turbines and electric vehicles, strategic metals such as copper, nickel, cobalt, and lithium will be crucial for the transition towards a clean energy future. This shift towards a clean energy system is set to drive demand for these minerals in the coming decades, with a projected demand increase of over 40% for copper, 60-70% for nickel and cobalt, and approximately 90% for lithium by 2040.

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Energy Capital & Power

Energy Capital & Power is the African continent’s leading investment platform for the energy sector. Through a series of events, online content and investment reports, we unite the entire energy value chain – from oil and gas exploration to renewable power – and facilitate global and intra-African investment and collaboration.
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