These new minerals on which Morocco is capitalizing

In addition to its phosphate reserves, Morocco also has large mining resources including cobalt, copper and soon lithium. Moreover, Onhym has recently concluded three research agreements relating to the exploration of lithium potential. Explorations should start in 2025, says the daily The Economist in its edition of Wednesday December 4.

Other news for the sector announced by Canadian Benoît Lassal, CEO of Aya Gold and Silver: the launch of a graphite production unit, an important mineral for lithium batteries for 2025.

“The progress of Moroccan industry is part of a global dynamic where economic development goes hand in hand with the imperatives of sustainability. Today, more than ever, the energy transition is emerging as a global priority that is redefining the contours of our industries, and in particular the mining industry. lit-on.

Morocco has an ambitious plan: to double non-phosphate mining revenues from 2020 to more than $1.7 billion by 2030. Among the ambitions: a global production and processing center for battery minerals, since giants of the battery industry have announced the creation of large battery factories for electric vehicles in Morocco.

The Kingdom is the ninth largest cobalt producer in the world, with production of 2,000 tonnes per year, and plans to exploit its cobalt reserves to power the rechargeable battery supply chain.

The Minister of Energy Transition, Leila Benali, also insists on sustainability. And Morocco has all the assets to become a model not only in Africa, but also on a global scale. For the Moroccan minister, Africa must manage its African resources in a sustainable manner, while strengthening the sovereignty of the continent’s countries. It must be said that Africa’s economy is linked to its mines and their exploitation.

Africa has great resources and, with a few exceptions, people do not benefit from them. Even worse. African countries with the largest resources and reserves are ranked among the poorest countries in the world.