Morocco Emerges as a Key Cobalt Player in the Global Market

• Morocco is fast becoming a key player in the global cobalt market.
• Catalyst Mines has found high-grade cobalt and nickel at the Amassine Project.
• Growing electric vehicle demand drives interest in non-Congolese cobalt sources.
• Chinese companies are investing heavily in Morocco’s battery mineral market.
• The situation creates urgency for Western firms to secure alternative sources.

Morocco is poised to reshape cobalt supply

Morocco Emerges as a New Cobalt Player Amidst Global Demand As the demand for electric vehicles continues to surge, Morocco is emerging as a key player in the cobalt market. According to Tracy Hughes, Executive Director of the Critical Minerals Institute (CMI), reducing reliance on the Democratic Republic of Congo (DRC) through increased cobalt supply from Morocco could be transformative. This potential not only enhances supply chain stability for manufacturers but also aligns with the friend-shoring and ESG compliance trends that European and North American producers are prioritizing.

Morocco’s emergence as a cobalt producer presents both opportunities and challenges. Catalyst Mines is positioning itself to capitalize on the mineral wealth of Amassine, potentially doubling the country’s output of cobalt compared to historical yields from Bou Azzer. The influence of both local and international players in the region adds complexity, but with strategic moves, Morocco may redefine its stature in the global cobalt market.