Battery Metals: The New Gold Rush for Electric Cars
In 2017, cobalt went from $25,000 to $100,000 per ton. Quadrupled in a single year. Not because someone cornered the market or because a mine collapsed. It happened because the world suddenly realized that electric cars need batteries, and batteries need metals. Lots of metals. Chapter 41 of Torsten Dennin’s “From Tulips to Bitcoins” tells the story of how Tesla, Elon Musk, and the EV boom turned obscure industrial metals into the hottest commodities on the planet.