Power control

“But what happens if that doesn’t occur and the Chinese say, we are not going to export batteries, we are going to export electric vehicles. Where are the batteries going to come from?”


Glencore CEO Ivan Glasenberg discusses with the Financial Times how China is tying up cobalt supplies in the Democratic Republic of Congo, the major source of that metal – which is vital for EV batteries. In comparison he said “Western companies [such as car giants] have not done so. They either don’t believe it is an issue or that they are definitely going to get batteries from China.”

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