Strategic Lithium Refining Project Enhances Morocco’s Position in Green Industry Chains
A strategic industrial project has been launched in Morocco aimed at establishing an advanced lithium refining unit, in partnership between South Korea’s LG Energy Solution and China’s Yahua Group, with an investment exceeding 5.5 billion dirhams.
The project has received approval from the National Investment Committee, which granted it the designation of “strategic project,” qualifying it for multiple governmental support mechanisms, including real estate facilitation and technical and administrative assistance, as well as its integration into the national industrial system.
This investment aligns with the kingdom’s direction towards strengthening its position in the global value chains associated with electric battery production. The project is expected to create over 430 direct jobs, primarily in highly skilled technical fields, while also boosting sectors related to scientific research, training, and logistics tied to clean industries.
This development falls within the royal vision aimed at making Morocco a reference industrial hub in energy transition, technological sovereignty, and sustainable industry by attracting quality investments that support the transition to a green economy and enhance Morocco’s presence in the global clean energy market.
This project is anticipated to mark a turning point in the kingdom’s path towards producing strategic components for battery manufacturing, thereby reinforcing its position in the international electric vehicle market and related technologies amid significant transformations in the global investment landscape in the coming decades.
