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Motley Fool Hidden Gems Investing

The War Below

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 3 February 2024

⏱️ 25 minutes

🧾️ Download transcript

Summary

Inside your cell phone, your car, even your leaf blower – there’s a collection of small, precious minerals making each one work.  Ernest Scheyder is a Reuters reporter covering the clean energy transition and author of the new book, “The War Below: Lithium, Copper, and the Global Battle to Power Our Lives.” Deidre Woollard caught up with Scheyder for a conversation about: Tradeoffs in mining, and why the U.S. is falling behind in the race for precious minerals. Tensions of the clean energy transition. The “wacky journey” of a junior mining company.  Companies mentioned: TSLA, RIO, LAC, LAAC, CVX, F, GM Host: Deidre Woollard Guest: Ernest Scheyder Producer: Ricky Mulvey, Mary Long Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

We're just used to showing up to a store and buying something without thinking through how it was made, what are the building blocks behind that.

0:08.0

And now, as we're at this point where we're changing our whole economy to move from primarily fossil fuel base to slowly moving in the direction of being material is based,

0:18.0

where do we get those materials?

0:20.0

And we're not having those discussions right now.

0:22.0

So if we're not careful, we are going to repeat

0:25.2

the same mistakes that we made 150 years ago.

0:27.8

I'm Mary Long, and that's Ernest Schider, a senior correspondent at Reuters and author of the book The War Below, which tells the story of lithium, copper, and the minerals that power the modern world.

0:41.6

Dieter Willard caught up with Schider to discuss what a lowly leaf blower

0:45.1

tells us about the supply chain, environmental, pretty privilege,

0:48.6

and a mining company that spent more than a million dollars on botanists.

0:53.2

Just to set the table for people,

0:58.4

why are lithium and copper so important

1:01.2

when it comes to EVs and batteries in general.

1:04.0

Sure, so lithium and copper really are the building blocks or the

1:07.8

cornerstones for lithium ion batteries and lithium ion batteries are used not just in electric vehicles, but in millions of other

1:15.5

consumer electronic devices that now make up basically our everyday lives,

1:20.2

things like cell phones and many, other devices and those are built with

1:25.4

lithium and copper and so you can imagine whoever controls the production of

1:29.2

those essential critical minerals really will control the 21st century economy.

1:34.4

That's what's at stake here.

1:35.8

And most of that currently is not happening in the US.

1:38.7

That's right. I mean for lithium, I mean the biggest producer in the world right now are Australia and Chile

...

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