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Why China Wins and the West Loses When the Price of Cobalt Drops

U.S. and European automakers are rejoicing over the 30% plunge in cobalt prices this year, providing relief for one of the costliest elements needed to power electric vehicles.

But what’s good for Tesla, Ford and VW is not aligned with the priorities of their governments who want to cut Chinese companies out of the electric vehicle battery supply chain.

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