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a16z Podcast
The Critical Technology in Finding Critical Materials
Feb 11, 2025
Tom Hunt, VP of Technology at KoBold Metals, focuses on AI in mineral exploration. Mvkay Makai and George Gilchrist bring their geoscience expertise to the table. They delve into the critical role of metals like lithium and copper in the energy transition. The discussion highlights advanced exploration techniques such as AI, hyperspectral imaging, and data analysis, transforming how we locate vital resources. They also explore the collaboration between geoscientists and data scientists to boost mining efficiency while addressing environmental concerns.
42:38
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Quick takeaways
- The transition to electric vehicles is driving an unprecedented demand for critical metals, necessitating the discovery of approximately 1,000 new mines globally.
- Advancements in AI and data analytics are revolutionizing mining exploration, enhancing the accuracy and efficiency of locating valuable mineral deposits.
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The Urgent Need for Critical Metals
The transition to electric vehicles (EVs) signifies a substantial increase in demand for critical metals like copper, lithium, and nickel. To meet the global demand projected for building approximately 2 billion EVs, about 1,000 new mines must be discovered. EVs currently require four times the copper compared to traditional gasoline vehicles, highlighting the looming supply gap in the coming decades. The urgency for increased mining activity is compounded by the fact that the discovery and extraction of new deposits can take years, necessitating immediate action to secure the required resources.
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Listen to the best highlights from the podcasts you love and dive into the full episode