Making Money The 6 materials that really power the economy
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Feb 17, 2025 Joining the discussion is Ed Conway, Economics Editor for Sky News and author of Material World, who dives into the crucial materials driving our economy. He reveals the significance of lithium, copper, and other key resources, connecting them to the modern technologies we utilize daily. Ed highlights China’s dominance in battery production and the complexities of global supply chains. He also discusses the environmental impacts of mining and the pressing need for sustainable practices to achieve net-zero carbon emissions.
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Ethereal vs. Material World
- Ed Conway introduces the concept of the "ethereal world" where people focus on ideas and services.
- He argues this leads to a disconnect from the "material world" of physical resources.
Lithium's Origin
- Conway highlights the surprising origin of lithium in batteries.
- Brine, salty water from Chile, powers iPhones and electric vehicles.
Early Electric Cars
- Electric cars existed alongside petrol and steam cars 120 years ago.
- Early electric car limitations were not because of the motors, but due to inadequate battery technology.
