Lithium hits record in EV boom, spurring a 'land grab' among miners. These stocks could be winners

An aerial view shows the brine pools of SQM lithium mine on the Atacama salt flat in the Atacama desert of northern Chile, January 10, 2013.
Ivan Alvarado | Reuters

As auto companies race to develop electric vehicles, an opportunity for investors to cash in is emerging: the miners extracting the raw materials needed to fuel these cars and trucks.

"I just don't see that there's going to be enough supply of raw materials … and I think it's going to be a massive bottleneck," said Vance Brown, portfolio manager at Williams Jones Wealth Management. "Lithium is a vital, essential element… I would even go so far as to say it's a new industrial revolution."

Different combinations of minerals including lithium, nickel, graphite and cobalt are used to make electric vehicle batteries, but lithium is the constant across battery chemistries.

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