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IEA Highlights Morocco's Strategic Metals Rise
The International Energy Agency, in its report "Global Mineral Outlook 2026," confirmed that Morocco is on track to become a rising power in the strategic minerals market, particularly in the phosphate and cobalt sectors, with investments in battery manufacturing. Morocco owns approximately 70% of the world’s phosphate reserves but contributes only about 15% of global supply, while China continues to lead global production despite its limited reserves. Moroccan phosphate is used to produce phosphoric acid, which is involved in the manufacturing of electric vehicle batteries. Morocco's role in this field is expected to grow as global demand for clean technologies increases. Additionally, Morocco benefits from trade agreements with the European Union and the United States, attracting investments from Chinese companies such as Gotion, BTR, Huayou, and CNGR to bolster the production of electric vehicle battery components. Furthermore, Morocco is developing projects to produce cobalt and graphite by 2030, enhancing its position as a regional hub for global supply chains of strategic minerals, supporting the shift toward a green economy and clean energy.
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