Economies of scale, new supplies of lithium, and alternative technologies make it possible to sell electric vehicle batteries more cheaply.
Cobalt
Cobalt is used in lithium-ion batteries that power electric vehicles and many other electronics, including cell phones and laptops.
There’s no such thing as “clean cobalt.” Cobalt extracted under slave-like conditions is mixed into supply from large-scale miners.
Indonesia wants to leverage its advantages in manufacturing and raw materials to become a regional electric vehicle powerhouse.
Scarcity of rare earths and metals are impacting the supply chains of Western EV manufacturers as Chinese domination grows.