Zambia lithium energy storage power supply spot

Are electric car batteries a key milestone for Poverty Alleviation in Zambia?

Speaking after the signing ceremony, President Hakainde Hichilema said the signing of cooperation agreements between Zambia and the DRC to start manufacturing electric car batteries is key milestone towards poverty alleviation in Zambia and DRC.

Will Zambia partner with DRC to produce electric vehicles?

Zambia says it will seek Western lenders for its plans to partner with the Democratic Republic of Congo (DRC) to jointly start producing electric vehicles batteries and cement a firm position in the global supply chain.

Will Zambia's import agreement increase foreign exchange inflow?

Bank of Zambia Governor, Denny Kalyalya said Zambia has depended on imports for a long time and that the agreement will increase foreign exchange inflow in the long run. Dr Kalyalya said the Central bank stands ready to ensure that financial institutions help provide resources to make the project successful.

Will private sector play a role in Zambia's mineral beneficiation programme?

Zambia Association of Manufacturers president Ashu Sagar said the private sector will play its role in seeing to it that the programme succeeds. “We have been advocating for the mineral beneficiation and this value addition will benefit both countries” Mr. Sagar added.

Will private sector play a role in achieving Zambia's manufacturing agreement?

“We fully welcome and support the Operationalisation of this agreement” Mr Masuwa said. Zambia Association of Manufacturers president Ashu Sagar said the private sector will play its role in seeing to it that the programme succeeds.

Why does Zambia have a low cobalt production?

During the heydays of mining activities, Zambia’s cobalt production peaked at 5,700 a tonne per year in 2010 before plummeting to 367 tonnes produced by 2019, a move largely blamed onlow metal prices, the previous Patriotic Front regime’s fractious relationship with mining