It will rise much further. EV hangs on cobalt not lithium. Lithium is plentiful just the gap of processing needs to be filled. Cobalt is a byproduct, only around 6% of mines are purely cobalt and frankly they are in areas you don't really want to invest in ....Congo/Russia . Why is cobalt so important? Think of it as the fuel tank .....sure lithium gives you the power to move but how far do you want to go....
It will rise much further. EV hangs on cobalt not lithium....
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