Why should the Congolese government invest in EV & battery storage?

It also highlights the potential for increased engagement with the Congolese government to promote global trade of these valuable resources. As the EV and battery storage industries grow, the International Energy Agency (IEA) has predicted that total demand for lithium will rise by close to 90% by 2040.

What role does the DRC play in the electric vehicle industry?

Photo: Unsplash The DRC plays a key role in the electric vehicle industry, supplying crucial minerals while facing labor and economic challenges.

What does DRC stand for?

The Democratic Republic of the Congo (DRC) is a country in Central Africa known for its rich deposits of copper, cobalt, zinc, lithium, oil and gold— all of which are essential to making the global clean energy transition.

Is the DRC poised to see growth in 2023?

With rising investments and exports in the mining sector, driven by improving mineral prices and growing public investment from the EV and battery industries, the DRC is poised to see continued favorable GDP growth over the next decade. In 2023, GDP growth was recorded at 7.8%.