see link...the top three countries with the largest reserves do not include China...and we should be able to do business with them...also, progress is being made in extracting Lithium from seawater..LOTS of Lithium there (going to need it for 'Fusion Reactors').
Cobalt is already being mined for myriad uses...mostly as a byproduct of the search for other minerals...those recyclers don't have that much of a market in cobalt anyway...(see this link below)...
(https://www.britannica.com/technology/cobalt-processing)....and this...(https://www.nsenergybusiness.com/features/top-cobalt-producing-countries/#).
Don't fret so much about EVs...Oh, and for quite awhile you'll be able to enjoy a ride in a "JP-4" powered 'vehicle' ;-).
Link: https://investingnews.com/daily/resource-investing/battery-metals-investing/lithium-investing/lithium-reserves-country/