China EV Battery Maker to Build Cathode Plant in Morocco

A general view of Tanger-Med container port in Ksar Sghir near the coastal city of Tangier, Morocco, June 26, 2019. REUTERS/Youssef Boudlal/File Photo
A general view of Tanger-Med container port in Ksar Sghir near the coastal city of Tangier, Morocco, June 26, 2019. REUTERS/Youssef Boudlal/File Photo
TT

China EV Battery Maker to Build Cathode Plant in Morocco

A general view of Tanger-Med container port in Ksar Sghir near the coastal city of Tangier, Morocco, June 26, 2019. REUTERS/Youssef Boudlal/File Photo
A general view of Tanger-Med container port in Ksar Sghir near the coastal city of Tangier, Morocco, June 26, 2019. REUTERS/Youssef Boudlal/File Photo

The Moroccan government gave the green light on Friday for Chinese electric battery maker BTR New Material Group to build a factory near Tangier to produce key component cathode.
The plant, to be built at a cost of 3 billion dirhams ($300 million), will have a production capacity of 50,000 tons, Morocco’s investment ministry said.
The first output of 25,000 tons is expected in September 2026, the ministry said in a statement following the signing of the investment deal with BTR.
Moroccan officials have often pitched the country as a good location for EV battery factories because of its existing auto industry and renewable energy sectors, and the presence of raw materials including cobalt and phosphates.
Stellantis-owned Citroen has a plant in Kenitra in northwest Morocco with capacity to produce 50,000 supermini electric cars, while Renault and Stellantis-owned Peugeot make combustion-engine cars in Morocco, which is also a base for a cluster of car parts makers.



Saudi Mining Licenses Reach 2,401 by End of 2024

Saudi Mining Licenses Reach 2,401 by End of 2024
TT

Saudi Mining Licenses Reach 2,401 by End of 2024

Saudi Mining Licenses Reach 2,401 by End of 2024

The Saudi Ministry of Industry and Mineral Resources announced on Sunday that the number of valid mining licenses in the Kingdom has reached 2,401 by the end of 2024.

The licenses cover various categories, including mining, exploration, reconnaissance, building materials quarries, and small mine operations.

According to the 2024 Mining Sector Indicators Bulletin, issued by the National Industrial and Mining Information Center, the majority of these licenses were granted for building materials quarries (1,481), followed by exploration (642), mining and small mining exploitation (215), reconnaissance (41), and surplus mineral ore extraction (22).

The bulletin serves as a critical tool for monitoring developments in the mining sector, tracking both existing and newly issued licenses across various regions of the Kingdom. By boosting transparency and providing accurate data, the initiative supports investors and decision-makers in making informed choices that contribute to the sector’s growth and sustainability.