The US Department of State has introduced that it has signed a Memorandum of Understanding with Zambia and the Democratic Republic of Congo (DRC) to improve the nations’ electric vehicle battery value chains.
Through the MOU, the US will assist the dedication between the Democratic Republic of Congo (DRC) and Zambia to collectively develop a provide chain for electric vehicle batteries. The MOU will additional assist the DRC and Zambia’s aim of constructing a productive provide chain, from the mine to the meeting line, whereas additionally committing to respect worldwide requirements to forestall, detect, and take authorized motion to combat corruption all through this course of.
The US additionally dedicated to working with the DRC and Zambia to guarantee its non-public sector, which can present technical information and financing for business growth of the value chains, has a degree taking part in area to take part in these tasks.
Areas of cooperation
Through the MOU, the US, Zambia and the DRC will work collectively on feasibility research, consultancies, and technical help alternatives to facilitate clear, aggressive tenders to discover the finest and most cost-effective contractors and companions to advance the venture.
The US additionally intends to take acceptable steps to promote consciousness of the DRC and Zambia Electric Vehicle Battery initiative inside the U.S. non-public and funding sector and additionally assist the development of electric vehicle precursor vegetation in the two nations.
The DRC produces greater than 70 p.c of the world’s cobalt and Zambia is the world’s sixth-largest copper producer, and the second largest cobalt producer in Africa. These sources are essential parts to the manufacturing of batteries for electric autos.
…. to be continued
Read the Original Article
Copyright for syndicated content material belongs to the linked Source : TechCabal – https://techcabal.com/2023/01/20/us-zambia-drc-electric-battery-mou/