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Renault Group and Managem Group sign an agreement for a sustainable supply of Moroccan Cobalt

• A strategic partnership to secure low-carbon cobalt sulphate produced in Morocco and guarantee traceability of electric battery supply chain • This agreement is part of Renault Group and Managem Group’s strategy to build a more sustainable and transparent battery value chain.

Boulogne-Billancourt (France) and Casablanca (Morocco), JUNE 1, 2022 - Renault Group, a major player in the automotive industry, and Managem Group, a Moroccan player in the mining and hydrometallurgy sector, today announce the signing of a memorandum of understanding (‘MoU’) aimed at securing the supply of low-carbon and responsible cobalt sulphate for electric batteries. Under the terms of the agreement, Managem Group will supply 5,000 tonnes of cobalt sulphate per year for a period of 7 years, with first delivery in 2025. After an engineering study, Managem Group plans to invest in the construction of a factory located within the Guemassa industrial complex, Morocco in order to transform cobalt ore into Cobalt sulphate. Through this partnership, Renault Group has guaranteed a significant supply of cobalt sulphate, representing an annual battery production capacity of up to 15 GWh.


More information to be found in the attached document.

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