NCM powder made from nickel, copper and magnesium (R) and Graphite powder (L) which are used to make the anodes and cathodes of lithium-ion batteries, are displayed in the showroom at the Z Site production center of Chinese EV battery maker CATL (Contemporary Amperex Technology Co., Limited) in Ningde, in southeast China's Fujian province on November 15, 2024. (Photo by GREG BAKER / AFP) (Photo by GREG BAKER/AFP via Getty Images)

A display shows copper foil used in the production of lithium-ion battery cells, in the showroom at the Z Site production center of Chinese EV battery maker CATL (Contemporary Amperex Technology Co., Limited) in Ningde, in southeast China's Fujian province on November 15, 2024. (Photo by GREG BAKER / AFP) (Photo by GREG BAKER/AFP via Getty Images)

Visitors look at a video about battery powered ships in the showroom at the headquarters of Chinese EV battery maker CATL (Contemporary Amperex Technology Co., Limited) in Ningde, in southeast China's Fujian province on November 15, 2024. (Photo by GREG BAKER / AFP) (Photo by GREG BAKER/AFP via Getty Images)

Staff members walk in front of the headquarters building of Chinese EV battery maker CATL (Contemporary Amperex Technology Co., Limited) in Ningde, in southeast China's Fujian province on November 15, 2024. (Photo by GREG BAKER / AFP) (Photo by GREG BAKER/AFP via Getty Images)

A model of a BC5 series battery, for use in buses, is displayed in the showroom at the headquarters of Chinese EV battery maker CATL (Contemporary Amperex Technology Co., Limited) in Ningde, in southeast China's Fujian province on November 15, 2024. (Photo by GREG BAKER / AFP) (Photo by GREG BAKER/AFP via Getty Images)

Graphite powder (L) and NCM powder made from nickel, copper and magnesium, which are used to make the anodes and cathodes of lithium-ion batteries, are displayed in the showroom at the Z Site production center of Chinese EV battery maker CATL (Contemporary Amperex Technology Co., Limited) in Ningde, in southeast China's Fujian province on November 15, 2024. (Photo by GREG BAKER / AFP) (Photo by GREG BAKER/AFP via Getty Images)

(FILES) A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023. The United States will award Taiwanese chip giant TSMC up to $6.6 billion in direct funding to help build several plants on US soil, officials said on November 15, 2024, finalizing the deal before a new administration enters the White House. (Photo by Amber Wang / AFP) (Photo by AMBER WANG/AFP via Getty Images)

HOUSTON, TEXAS - NOVEMBER 14: Amanda Maerz attends the JCK 2.0 at Houston Museum of Natural Science on November 14, 2024 in Houston, Texas. (Photo by Marcus Ingram/Getty Images for Signet Jewelers)