Electric cars are said to be the future of mobility. Demand for the metals in them is growing. In particular, hundreds of thousands of tons of lithium and cobalt along with millions more tons of copper will be needed annually for their batteries.
The eastern German state of Brandenburg is aiming to become a pivotal player in pushing e-mobility. Not only will it be home to Tesla's first European Gigafactory, BASF looks set to build a large cathode factory there.
Locals are demanding more benefits from a planned German lithium project. The raw material is key to expanding battery cell production for electric cars.
The plummeting price of cobalt has been blamed for the closure of the giant Mutanda mine, but other factors are at play. Owner Glencore is struggling to get the DRC's new president to overturn a 50% super-profits tax.
The Bolivian government has issued a decree overturning a massive joint lithium project with southern German firm ACISA. The project is considered vital for the German auto industry's plans to develop electric batteries.
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