Michal Meidan Says Electric Vehicles Are Here to Stay

The video discusses the growing addiction to batteries and electric vehicles (EVs), highlighting their impact on oil demand. Despite significant EV sales in China, traditional gasoline vehicles still dominate. The video explores battery chemistry, focusing on cobalt and its trade dynamics, particularly in China. It also examines China's infrastructure changes and strategic shift towards EVs, aiming to lead in technology and localize supply chains. The discussion concludes with an analysis of oil demand in Asia, noting that peak demand is still distant despite EV growth.

What role do minerals like cobalt play in the production of electric vehicles?

Discuss the potential future of oil demand in relation to the rise of electric vehicles in Asia.