Yes, the fall of Nokia (even though it didn't go completely out of business) had a big impact, especially in some regions. Here is a rough timeline: https://www.quora.com/How-has-the-decline-of-Nokia-affected-...
We are told of Utopia in Europe, but aren't told these stories.
Finland has a closed nickel mine which could become economical to operate once again since it also produces cobalt, which gets used in these types of batteries.