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Journalist Ernest Scheyder discusses the tradeoffs in mining and why the U.S. is falling behind in the race for precious minerals. The podcast also explores the tensions of the clean energy transition and shares the 'wacky journey' of a junior mining company.
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Quick takeaways
- The U.S. is falling behind in the race for precious minerals, which are crucial for the clean energy transition.
- The critical mineral supply chain is complex and demands careful consideration as we confront tough choices regarding environmental impact and resource allocation.
Deep dives
Importance of Lithium and Copper in EVs and Batteries
Lithium and copper are crucial building blocks for lithium-ion batteries, which power electric vehicles (EVs) and various consumer electronic devices. These minerals are essential for the 21st-century economy, as whoever controls their production will have significant influence. Currently, Australia and Chile dominate lithium production, while China dominates processing. For copper, countries like Chile and Peru are big producers, with China being a major consumer. The U.S. has abundant supplies of both minerals, but the challenge lies in making tough choices to transition to a green energy future.
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Listen to the best highlights from the podcasts you love and dive into the full episode