Discover COBCO
Based in Morocco, COBCO focuses on diversified battery materials products and solutions to meet customer needs, covering the entire industry chain of refining, battery materials and recycling.
COBCO was jointly founded by CNGR, the world’s leading precursor supplier, and AL MADA, one of Africa’s largest private equity funds.
Building on CNGR’s strong foundation in the battery materials industry serving the world’s leading battery manufacturers and electric vehicle OEMs, and on AL MADA’s expertise as a long-term investor in capital intensive ventures in Morocco and Africa, COBCO will be the first large-scale battery materials production capacity outside China and will be able to offer diversified product solutions responding to market demand.
Our strategy
Based in Morocco, COBCO is committed to building a low carbon, high quality, closed-loop manufacturing facility to meet the diverse needs of its customers for sustainable battery materials and solutions in the European and North-American markets.
COBCO’s broader investment plan includes the development of production facilities for Nickel-Cobalt-Manganese (NCM) precursor, Lithium Iron Phosphate (LFP) cathode active materials and advanced black mass recycling facilities.
We aim to provide a secure and strengthened supply chain close to our major markets by capitalizing on the abundant mineral resources in Africa and securing critical raw materials through long-term partnerships, along with a focus on refining and recycling.
The root of COBCO
COBCO is a joint venture between AL MADA, a leading pan-African private equity fund, and CNGR Advanced Materials, a global leader in lithium-ion battery materials.
Founded in September 2014, CNGR is a global leader in battery materials and solutions, driven by the mission "Materials to Perfection" and a strong commitment to sustainability and energy transformation.
With a focus on technological innovation, CNGR specializes in materials like nickel, cobalt, phosphorus, sodium, manganese, and lithium. CNGR has strong IP and know-how position in areas of high-voltage cobalt tetroxide, high-nickel NCM, NCA, and iron phosphate.
CNGR operates manufacturing sites in China, Indonesia, and Morocco, serving top global electric vehicle OEMs and battery manufacturers with proven excellence in PCAM material development and supply.
More info
about CNGR
Based in Casablanca, AL MADA is one of the largest private equity funds on the pan-African scene. With its strong continental roots, it is determined to participate in the dynamics of South-South cooperation by making impact investments on a pan-African scale.
A century-long corporate history and operations in 40 countries through 14 portfolio companies across various sectors.
Long-term investment horizon in high value-creation projects focused on structuring business sectors that require a high level of capital intensity.
Positive impact philosophy and social and environmental responsibility as a core value.
More info
about AL MADA
Entrepreneurship
Our entrepreneurial spirit empowers us to take bold steps and pioneer advancements in the industry.
Innovation
As leaders in battery materials, we innovate sustainably, shaping energy’s future through bold, efficient solutions.
Diversity
We value diversity and foster inclusion, empowering talent through collaboration, growth, and shared cultural contributions.
Win-win
We work closely with stakeholders, ensuring collaboration, long-term trust, and mutual growth through shared success.
Values at the core
At COBCO, we believe that success is built on a foundation of entrepreneurship, innovation, diversity, and win-win partnerships.
Together, these four guiding principles foster an environment that values people, collaboration, and excellence.
