Chile is writing a new constitution. SQM a major producer of lithium which is required for ANY battery on the market today is down 10% on the selection of people to write this new document. Why is this so important? Chile is one of the largest producers of lithium and SQM has a unique relationship with Chile. (I think it's even in the current constitution, but I could be wrong.)
The point is production from Chile of lithium MUST double or more to grow EV production. If instead the production even stays constant, no EV growth. It's not possible.