Renault and Managem sign an agreement for a sustainable supply of Moroccan cobalt

Renault Group and Managem Group sealed, on Wednesday in Casablanca, a memorandum of understanding (MoU) on a sustainable supply of Moroccan cobalt for the production of electric batteries for vehicles.

As part of a strategic partnership between the automotive industry player and the Moroccan group operating in the mining and hydrometallurgy sector, the agreement provides for the supply by Managem of 5,000 tons of cobalt per year for a period of 7 years, starting in 2025.

Under this alliance, the two groups aim to secure the low-carbon cobalt sulphate produced in Morocco, guarantee the traceability of the electric battery supply chain and build a more sustainable and transparent battery value chain.

Thus, Renault Group will ensure a significant supply, representing an annual battery production capacity of up to 15 GWh. This direct cooperation between a car manufacturer and a mining player guarantees a long-term traceability system for the supply chain of cobalt for batteries.

It also aims to reduce the impact on the environment, in particular thanks to the know-how of Managem Group whose energy efficiency of the installations results in the optimization of consumption and the increasing use of green energies, of which more than 80 % of wind origin.

This agreement notably includes the possibility for Managem Group, Renault Group and its Alliance partners to develop potential cooperation on the supply of manganese and copper sulphate, as well as on the recycling of battery materials in short loops.

“A new stage in the strategic partnership between Morocco and Renault Group is beginning today with this agreement on the development of our mining resources to support the development of electric mobility and the deep integration of the national automotive industrial platform”, declared the Minister of Industry and Trade, Ryad Mezzour.

He also highlighted the acceleration of the transition towards the electrification of the Moroccan automotive sector with sustainable and efficient Moroccan cobalt sourcing for electric batteries. “At the same time, we are working to position Morocco as a producer of electric batteries and a benchmark player in sustainable mobility,” added Mr. Mezzour.

For the Managing Director of Renault Group Morocco, Mohamed Bachiri, this agreement, the first of its kind in terms of the integration of raw materials in the Moroccan automotive industry, will allow the automotive sector to develop within the framework of local sourcing objectives. .

In this regard, Mr. Bachiri recalled that at the end of 2021, Renault Group achieved a local integration percentage of 64%, for a sourcing turnover of around 1.32 billion euros. “Our objective in 2025 is to reach 2.5 billion euros in local sourcing for an integration rate of 80% by 2030,” he said.

For his part, the Chairman and CEO of Managem Group, Imad Toumi, welcomed this strategic partnership sealed with Renault Group, which goes far beyond a simple commercial agreement intended to supply cobalt, an ore which intervenes significant role in the battery production chain for electric vehicles.

And to add that this is a partnership that demonstrates the know-how of Managem Group to operate and refine this raw material according to the most demanding standards and specifications in terms of respect for the environment and response to the quality required for the manufacture of batteries.

In addition to the supply of cobalt, Mr. Toumi said that the agreement is also based on its recycling for responsible management of this exhaustible natural resource, once it has been used at the end of the life of the batteries, noting in this framework that Managem Group intends to develop a circular economy based on cobalt in the coming years.

For his part, the Alliance Purchasing Director and Managing Director of the Alliance Purchasing Organization (APO), Gianluca De Ficchy, indicated that “this agreement constitutes a further step towards achieving the objective of reducing the carbon footprint of our batteries and achieve carbon neutrality for the group in Europe by 2040, and worldwide by 2050”.

“The traceability and decarbonization of the raw materials of our batteries are crucial issues for electric mobility and the energy transition”, he said, adding that the Alliance thus ensures a supply closer to our ecosystem of manufacture of electric batteries in Europe and at low carbon.

This agreement will support the development of the Moroccan automotive industry and strengthen Morocco’s position as a platform for the production and export of equipment, motor vehicles and now strategic and critical materials of Moroccan origin such as cobalt, manganese and copper for the manufacture of batteries.

After an engineering study, Managem Group plans to invest in the construction of a future plant located within the Guemassa industrial complex in Morocco in order to transform cobalt ore into cobalt sulphate.

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