[bimmer456]

There is a limited supply of cobalt in the world, needed to make lithium-ion batteries. Most of the reserves are in the Congo. China is buying up all the cobalt in the Congo to corner the market. With the spike in cobalt prices will be the increase in the price of electric vehicles. This is not an issue with ICE vehicles, which use much less cobalt. Perhaps the death nail of the ICE and the rise of electrics is pre-mature until they figure out an alternative for electric vehicle battery.