Just as the Middle East has been a strategic center in global oil politics, the Democratic Republic of Congo has become the epicenter for the raw materials needed for electric vehicles—especially cobalt. The country is the source of more than two-thirds of global cobalt, according to the New York Times—a boom that’s feeding... EV affordability threatened by cobalt prices: Did the US let resource control lapse over oil?
Just as the Middle East has been a strategic center in global oil politics, the Democratic Republic of Congo has become the epicenter for the raw materials needed for electric vehicles—especially cobalt. The country is the source of more than two-thirds of global cobalt, according to the New York Times—a boom that’s feeding...