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Beep beep! Trouble ahead for mineral-hungry EV producers, especially in countries that don’t want mining on their soil.

By Larry Bell ~

Billboard size speed limit signs and flashing police radar scanning dashboard warnings be damned!

U.S. and European electric vehicle (EV) companies are racing to cash in on markets driven by dependence upon government subsidies which, in turn, rely on scarce and costly materials needed for batteries controlled by foreign adversaries.

Mining required for those EV batteries will soon dominate the world production of many critical minerals, and already accounts for about 40% and 25%, respectively, of all global lithium and cobalt.

Take nickel, for example, of which Russia produces about 7% of the global supply and 20% of the world’s class 1 (98% pure quality) used both for advanced electric vehicle batteries and stainless steel production.

In March, after prices soared 66% to more than $100,000 a metric ton, the London Metal Exchange suspended nickel trading after a three-month contract price more than doubled.

Prompted…