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Asharq Al-Awsat

Technology

Asharq Al-Awsat

Morocco’s Managem to Supply Renault with Cobalt for EV Batteries

Renault Glencore Plc Renault Group electric vehicle Mining

A board with the logo of Renault is on display near a car showroom in Saint Petersburg, Russia March 24, 2022. (Reuters)

Moroccan mining company Managem SA said on Wednesday it signed a deal to supply French carmaker Renault Group with low carbon cobalt sulphate, a key component for electric vehicle (EV) batteries.

Under this seven-year supply deal, Managem will supply Renault with 5,000 tons of cobalt sulfate annually starting from 2025.

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