Episode
#AIS: MP Materials CEO James Litinsky on rare earths, supply chain, and energy independence
28:38
Published: Tue May 31 2022
Description
This talk was recorded LIVE at the All-In Summit in Miami and included slides. To watch on YouTube, check out our All-In Summit playlist: https://bit.ly/aisytplaylist 0:00 Chamath intros MP Materials CEO James Litinsky 1:13 James gives a talk on supply chain, energy independence, acquiring the Mountain Pass mine and starting MP Materials 12:48 Bestie Q&A with James: US falling behind in rare earth mining, risk compliance, energy independence breeding geopolitical leverage, mining lithium in the ocean vs Earth's crust, and more Follow MP Materials: https://mobile.twitter.com/MPMaterials Follow the besties: https://twitter.com/chamath https://linktr.ee/calacanis https://twitter.com/DavidSacks https://twitter.com/friedberg Follow the pod: https://twitter.com/theallinpod https://linktr.ee/allinpodcast Intro Music Credit: https://rb.gy/tppkzl https://twitter.com/yung_spielburg Intro Video Credit: https://twitter.com/TheZachEffect
Chapters
The story of how a mining businessman brought a bankrupt mine back to life and turned it into a climate-friendly factory in South Carolina.
00:00 - 01:43 (01:43)
Summary
The story of how a mining businessman brought a bankrupt mine back to life and turned it into a climate-friendly factory in South Carolina.
Episode#AIS: MP Materials CEO James Litinsky on rare earths, supply chain, and energy independence
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
As we move towards electrification, more rare earths are required for the supply chain to be built up.
01:43 - 16:23 (14:40)
Summary
As we move towards electrification, more rare earths are required for the supply chain to be built up. While this may be hard to adjust to, it also means we are about to see an upcoming bull market in the industry.
Episode#AIS: MP Materials CEO James Litinsky on rare earths, supply chain, and energy independence
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Analysts predict that transitioning to electric vehicles requires a significant amount of capital expenditure, estimated at around $3 trillion over the next decade, in order to stand a chance of success.
16:23 - 22:38 (06:15)
Summary
Analysts predict that transitioning to electric vehicles requires a significant amount of capital expenditure, estimated at around $3 trillion over the next decade, in order to stand a chance of success.
Episode#AIS: MP Materials CEO James Litinsky on rare earths, supply chain, and energy independence
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Despite pushback from some who prioritize low energy costs, it's necessary to create and adhere to tough standards to promote energy innovation.
22:38 - 28:26 (05:47)
Summary
Despite pushback from some who prioritize low energy costs, it's necessary to create and adhere to tough standards to promote energy innovation. This includes partnerships between local officials and companies such as GM and initiatives such as the magnetic facility in Fort Worth, Texas.