To date, China has controlled most of the refining capacity for this key EV component.
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Isn’t it too late?
All the latest battery tech has or is moving away from cobalt
Cobalt is still used in about half the EV battery production based on latest IEA report. And overall cobalt refining demand is increasing.
Lithium cobalt oxide still provides one of the highest cell voltages available and will likely have a place for a very long time.
