On June 25, 2025, COBCO officially inaugurated the first phase of its cutting-edge integrated industrial complex for nickel-manganese-cobalt (NMC) precursor cathodes (pCAM) in Jorf Lasfar, Morocco. In recent years, LFP batteries have gained significant traction in the Chinese market, with the current market penetration reaching 70%. Morocco is the world's largest holder of phosphate reserves, with its largest city, Casablanca, being the world's largest phosphate export port. 6 billion investment from China. The facility, located in Kenitra, aims to produce 20 gigawatt-hours annually by 2026, with plans to expand to 100 GWh. This projection aligns with the ambitions of Moroccan phosphate giant OCP, which is actively preparing to enter. Moroccan scientist and engineer Rachid Yazami has emphasized Morocco's “significant” potential in the lithium battery industry, including the production and subsequent export of these batteries.
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