"Cobalt, a key component in electric vehicle (EV) batteries, has long been a source of concern for the global automotive industry. With the world's transition to electric vehicles gaining momentum, the demand for cobalt is skyrocketing, but the metal's supply chain is precarious. A single disruption, known as a "cobalt shock," could have far-reaching consequences, including widespread EV battery shortages and price hikes. As the world's top EV manufacturers rely heavily on cobalt-rich batteries, the potential for a global supply chain crisis is looming large, threatening to slow down the electric vehicle revolution."
A single cobalt shock could trigger global EV battery supply chaos ScienceDaily
