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Forget Cobalt, Lithium is the Key Strategic Resource

Tesla’s across-the-fleet price increase this month was due in part to supply constraints of key metals used to manufacture electric vehicle batteries, specifically lithium.  

While the price of cobalt and nickel have steadily fallen this year due to ample supplies from places like the DR Congo (cobalt) and Indonesia (nickel), lithium is proving much harder to source in the quantities needed to meet market demand.

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