Glencore Chief warns carmakers of cobalt supply crunch and being left behind by their Chinese rivals: Reuters
LAUSANNE, Switzerland (Reuters) – The automotive industry is waking up too late to the fact that China will hold most of the world’s supply of cobalt, a key metal for electric vehicle (EV) batteries, Glencore Chief Executive Ivan Glasenberg said on Tuesday. “If cobalt falls into the hands of the Chinese, yeah you won’t see EVs being produced in Europe etc. They are waking up too late … I think it’s because the car industry has never had a supply chain problem before,”...
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