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SQM - All EV Roads Lead To Lithium Miners And Battery Producers
Sociedad Quimica y Minera S.A.
Globally, EVs accounted for less than 5% of total car sales in 2020, but the segment grew 45% to even amid the pandemic.
Beyond commitments from OEMs to expand their EV lineups, supportive government policies around the world are further driving EV adoption.
While OEMs and governments are signaling strong commitments to EVs, upstream lithium mining and battery production capacity constraints could present bottlenecks.