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    Morocco’s Managem to Supply Renault with Low-Carbon Cobalt For Batteries

    Managem and Renault’s partnership aims to decarbonize the automotive sector while supporting Moroccan global positioning as a producer of electric batteries.

    03 Jun 2022

    Rabat - Morocco’s mining group Managem and French automobile manufacturer Renault Group on Wednesday signed a memorandum of understanding to secure a sustainable supply of low-carbon cobalt sulfate for electric and reusable batteries.

    Under the agreement, Managem Group will supply 5,000 tonnes of cobalt sulfate to Renault annually, to generate an annual battery production capacity of up to 15 GWh between 2025 and 2032.

    In January, Managem agreed with Swiss commodity firm Glencore to open a cobalt plant in Guemassa, 37 kilometers from Marrakech. The new facility will transform cobalt ore into cobalt sulfate that can be used in low-carbon and reusable batteries.

    Gurmassa’s output is set to exploit Moroccan cobalt reserves - the 11th largest cobalt reserves in the world- as well as support the integration and electrification of the country’s automotive sector.

    It will additionally help Renault reduce its batteries’ footprint by 20% by 2025 and reach carbon neutrality by 2050.

    “We are very pleased to partner with Managem Group, a recognized mining player, who utilizes unique and efficient production and processing methods,” said Gianluca De Ficchy, managing director of the Alliance Purchasing Organization (APO).

    Along with Ficchy, several other officials were present at the signing ceremony that took place in Casablanca. Attendants included Morocco’s Minister of Industry and Trade Ryad Mezzour, Chairman and CEO of Managem Group Imad Toumi, and Director of Renault Group Morocco Mohamed Bachiri.

    Mezzour described the new agreement as “a new stage in the strategic partnership between Morocco and Renault Group… which will utilize Moroccan natural resources and industry to support the development of electric mobility worldwide.”

    The Moroccan minister added that the deal is set to strengthen the position of “Morocco as a producer of electric batteries and a key player in sustainable mobility.”

    The agreement further aims to reiterate Renault Group’s commitment to support developing its ecosystem in Morocco and increase local sourcing to €2.5 billion by 2025.

    Morocco’s reserves in cobalt, manganese, and copper and its renewable energy and automotive assets mean the North African country is well-positioned for the manufacturing of batteries and particularly low-carbon and recyclable batteries, which are essential in supporting electric mobility and energy transition in Morocco and Europe.

    moroccoworldnews

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