The efforts to transition to electric-vehicles are gaining momentum, with states such as California setting new legislation that prohibits the sale of new combustion vehicles by 2035.

Additionally, the Science and Chips Act of 2022 will allocate billions of dollars in tax credits for semiconductors companies to build new fabrication facilities.

Here are two high-yield materials stocks that are set to benefit from these developments in the electric-vehicle and semiconductor industries.

Southern Copper Corporation (NYSE: SCCO) is offering a dividend yield of 7.80% or …

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