Cobalt: growing supply gap., page-2

In the first four months of 2021, passenger and light-duty EV sales totaled just 180,000 in the US and Canada — 166,000 in the US and 14,000 in Canada — versus 677,000 in China, as per Rho Motion.When looking at the entire EV supply chain for any region, taking ownership of every step seems to be equally important, but it is becoming increasingly clear that governments and automakers are moving to have further control upstream. To reduce costs and improve security, among other reasons, the buildout of battery megafactories around the world is picking up pace.At present, Benchmark Mineral Intelligence is tracking 211 lithium-ion battery megafactories, but only 12 are in the US, while 156 are in China and 22 are in Europe. According to the firm, China is building a battery megafactory at the rate of one every week compared to the US at one every four months.High-nickel cathode chemistries, like nickel-cobalt-aluminum and nickel-cobalt-manganese-aluminum, will be North American megafactories’ first choice, as they will be transferred to EVs with a longer range, according to Roskill. That said, the firm believes cathode chemistries will continue to be diversified. QUOTE
Demand is building from this point IMO

https://investingnews.com/daily/resource-investing/battery-metals-investing/lithium-investing/north-americas-electric-vehicle-supply-chain/