SmarterMarkets™ Holiday Special 2025: The Year in Review | Part 1
8 snips
Dec 27, 2025 Guest
Hannah Hauman
Guest
Mark Lewis
Guest
Rene Velasquez
Guest
Helima Croft
Guest
Nobuo Tanaka
Guest
Peter Zaman
Peter Zaman, an expert in carbon frontiers, discusses the implications of international carbon markets and the Paris Agreement. Nobuo Tanaka sheds light on the evolution of global energy policies, balancing security and sustainability. Helima Croft analyzes the geopolitical dynamics affecting energy markets and potential sanctions. Rene Velasquez contrasts the turbulent voluntary carbon market with its compliance counterparts. Mark Lewis explains the shifting landscape of the EU ETS, while Hannah Hauman focuses on Article 6 and the emerging challenges of carbon credit management.
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Episode notes
Battery Metals Boom, Then Pain
- Battery metals boomed in 2021–22 then crashed and ground lower through 2024, causing producer distress and mothballed projects.
- Andy Home attributes the collapse to overproduction and China's dominant role across extraction and processing.
Build Mines Or Buy Cheap Imports
- If the West wants non-Chinese battery supply chains, it must build new mines and processing capacity.
- Governments should support financing because low prices discourage private investment.
U.S. Limits Chinese EV Access
- U.S. policy already limits Chinese EVs via bans and tariffs, reducing Chinese car access to the U.S. market.
- Andrea Hotter notes this protection may slow competitive pressure that could otherwise improve U.S. EV offerings.
