Quote:
Originally Posted by JSH
Remember when Lithium prices shot up last year and people said EVs were doomed and we could never find enough minerals to make batteries? Lithium prices are down 83% this year right back to the 2021 prices. Turns out when battery manufacturers lay out plans for the next decades the miners get busy increasing production. (Up 31% in 2023)
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Manufacturers have been actively cutting cobalt content for years now.
Tesla has introduced cobalt free batteries which should cut a lot of raw material cost