"Electric Vehicle (EV) manufacturers are facing a growing concern over the reliability of cobalt supplies, a critical component in EV batteries. Cobalt, a key mineral used to enhance battery performance and longevity, is heavily mined in the Democratic Republic of Congo (DRC), a country plagued by corruption, conflict, and environmental issues. Disruptions to cobalt supplies from the DRC could have far-reaching consequences for the global EV industry, impacting production costs, vehicle prices, and consumer demand. As the world shifts towards a more sustainable energy future, the cobalt supply chain is emerging as a major vulnerability in the EV sector."
Global EV Industry Faces Outsized Risk From Cobalt Supply Disruptions Crude Oil Prices Today | OilPrice.com
