The Cobco joint venture, resulting from the partnership between Al Mada and the Chinese group CNGR Advanced Materials, has concluded a long-term supply agreement with Umicore, a major player in circular materials technologies. This commitment involves the delivery of cathode precursors (pCAM), essential elements in the manufacturing of batteries for electric vehicles.
A strategic partnership for the battery industry
The materials will be produced at the new Cobco industrial complex in Jorf Lasfar, Morocco, before being delivered to Umicore’s production lines. This partnership strengthens Europe’s supply of strategic materials, while focusing on low carbon footprint production.
“This agreement represents a significant advancement for Cobco, establishing it as a leading supplier of battery materials, balancing technical excellence with environmental requirements,” said Allen Luo, CEO of Cobco.
This project is part of a broader dynamic aimed at structuring a robust and sustainable battery sector in the EMEA region (Europe, Middle East, Africa).
A rise in the Moroccan industry
The Cobco factory, utilizing Morocco’s renewable energies, adheres to strict environmental standards to reduce the carbon footprint of its production.
With a capacity of 70 GWh, it aims to equip more than one million electric vehicles per year. In addition to NCM materials, Cobco diversifies its activities with the production of lithium iron phosphate (LFP) cathodes and the recycling of used batteries.
Morocco, an expanding industrial hub
Since the launch of its first production lines in January, Cobco has established itself as a key player in the battery industry. This advancement strengthens Morocco’s position in the global value chain of electric vehicles, attracting strategic partners like Umicore.
With this agreement, Cobco confirms its ambition to become a pillar of the battery market and to support the energy transition on an international scale.