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Gabriel Boric, Chile's president, right, greets Olaf Scholz, Germany's chancellor during a meeting at La Moneda Palace in Santiago, Chile, on Sunday, Jan. 29, 2023. Scholz is hoping his trip to Latin America will help Germany secure additional supplies of the lithium that car giants like Mercedes-Benz Group AG and Volkswagen AG need for their electric-vehicle batteries. Photographer: Cristobal Olivares/Bloomberg via Getty Images

Gabriel Boric, Chile's president, right, greets Olaf Scholz, Germany's chancellor during a meeting at La Moneda Palace in Santiago, Chile, on Sunday, Jan. 29, 2023. Scholz is hoping his trip to Latin America will help Germany secure additional supplies of the lithium that car giants like Mercedes-Benz Group AG and Volkswagen AG need for their electric-vehicle batteries. Photographer: Cristobal Olivares/Bloomberg via Getty Images