WEST AFRICA LITHIUM BATTERY ENERGY STORAGE MODULE
In 2022, the cost of a lithium-ion battery was valued at approximately USD 151 per kWh. The price fell continuously over the past few years, and it decreased by more than 85% in 2022
Understanding of lithium supply, demand and markets is essential for development of the Li supply chain in Africa. Energy security. Lithium mineral processing is highly energy intensive, and so secure energy supplies are essential for industrial engagement in the lithium supply chain.
A cadre of well-trained, highly skilled local staff will be essential for a lithium industry to develop in any African country. As of June 2021, very few African countries have any engagement in supply chains of lithium for batteries. This is despite the fact that several countries across Africa have well-known lithium resources.
In this report, we summarise the potential for developing an integrated lithium supply chain for batteries in Africa. Lithium is a moderately abundant element in the Earth's crust, and is predominantly concentrated into three types of mineral deposit: pegmatites and granites; sedimentary deposits; and brines (Bowell et al., 2020).
Thanks to its vast lithium reserves and increasing investments in mining and processing facilities, Africa is emerging as a key player in the global lithium supply chain. As demand for lithium skyrockets due to its critical role in electric vehicle (EV) batteries and renewable energy storage, several African nations are ramping up production.
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