Kinshasa, January 21st, 2023 (CPA) – The United States has supported, in a statement received by CPA on Friday, the memorandum of understanding on electric vehicle battery value chains, signed on December 13th, 2022, between the Democratic Republic of Congo (DRC) and Zambia, during the last US-Africa Summit.
« The State Department today released the Memorandum of Understanding (MOU) on Electric Vehicle Battery Value Chains. Under this MOU, the United States will support the engagement of the DRC and Zambia in the joint development of a supply chain for electric vehicle batteries, » the State Department statement, transmitted by the US Embassy in Kinshasa, notes.
« The MOU is in line with the DRC and Zambia’s goal of establishing a productive supply chain from mine to assembly line, while committing to a joint effort to develop a supply chain for electric vehicles.
chain, while committing to international standards to prevent, detect and prosecute corruption
to prevent, detect and prosecute corruption throughout this process, » the text said.
The State Department notes that « the DRC produces more than 70% of the world’s cobalt », and that « Zambia is the world’s sixth largest producer of copper and the second largest producer of cobalt in Africa ». and the second largest cobalt producer in Africa.
« These resources and commitment to cooperation are These resources and this commitment to cooperation are essential elements of the urgently needed global energy transition, » the statement continued, adding that the plan to develop an electric battery supply chain will enable open and transparent investments to build a value-added and sustainable industry in Africa to support an energy transition.
« The U.S. government will work with the DRC and Zambia to ensure fair terms for private sector participation in these projects, » the statement concluded. ACP/