ฝัง
- เผยแพร่เมื่อ 14 พ.ค. 2024
- This talk was recorded LIVE at the All-In Summit in Miami!
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:
/ mpmaterials
Follow the besties:
/ chamath
linktr.ee/calacanis
/ davidsacks
/ friedberg
Follow the pod:
/ theallinpod
linktr.ee/allinpodcast
Intro Music Credit:
rb.gy/tppkzl
/ yung_spielburg
Intro Video Credit:
/ thezacheffect
#allin #tech #news
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You’re spoiling us with all these amazing speakers. This guy is a badass, so glad someone had the nerve to take on mining rare earth minerals. Definitely a buy and hold company for me.
And he spoke for about 10 minutes talking about how badass he was. I think tonight I will fall asleep to the phrase “…I was on the steps of he Delaware courthouse…” over and over. Meanwhile MP is one of the few SPACs Chamath invested in that has not tanked. I get a bit suspicious when I smell self-promotion, but yeah, I own some MP stock also
@@miked8249 haha - me too & my only SPAC
"Definitely a buy and hold company for me" -- let's wish him good luck, Mountain Pass has gone bust at least twice.
Jim Litinsky is a national hero -- he's singlehandedly covering all of our backs geopolitically
most likely some water or other accedint will happen and California will sue his company for hundreds of millions and the mine will close again, and the people will shame him for being grady capitalist..come back to Earth when you want
Only thing that frustrates me about MP is the large stake held by Shenghe Holdings (7.7%). Makes me wonder if Litinsky is a wolf in sheep's clothing for the Chinese.
We need more like JIm Litinsky - its clear there is a need to move faster.
Been waiting for this one! Super excited about the future of this company.
Great conversation, would love to see a follow up episode with James to go deeper on the topics discussed here
Just wanted to say that I love the show. I’m 17 and have watched pretty much every video from episode 65 on. I super grateful this information and stories are available. Thank you guys so much.
Good for you to get extra education from the besties. Keep it up kiddo!
Wonderful interview that should be broadcast in all schools throughout the intire world.
Geothermal brine is increasingly looked at as a source of Lithium. There is a possibility that fracking waste would also contain Lithium since fracking chemicals are pumped deep underground just as water is when Geothermal energy is produced (depending on the local geology). The fracking waste water could contain valuable lithium.
We need 50 James Litinskys in the country. Production of critical materials needs to happen at home. Period.
all of the all-in casts looking great and sharp!
Great Pod on protecting the sources of these minerals while being environmentally friendly
Great talk - all the luck in the world to you James
This is one of the most important and necessary discussions that the world needs today. The supply chain for REE and CMs needs to be discussed. But this is perhaps the worst presentation given during #AIS. I encourage folks to read the two short reports on $MP:
1) NdPr is uneconomical to mine, even in this economic environment,
2) Its only sales are from one buyer in China who also happens to be bidding up the price every quarter because they have a stake in the company. You can't "compete against China" if China owns the company and is your only end user,
3) It takes a considerable amount of tech and knowledge to separate REE, and none of the C-level management have any prior experience in a mining company,
4) Do you think a former hedge fund manager is smarter than all the global mining tech companies who saw this as uneconomic?
Sincerely, a Research Geologist.
what 2 reports?
what do you make of their current q2 results?
These videos have been great. Every night my wife and I get so hyped up. Setting us up for some serious withdrawal once it goes back to only once a week shows 😂
Can we get an All-In Pod expanding on this with Litinsky?
Lovely. I put MP in my favourite file some months back :) Bravo - such a kick ass move . You could say that this is ,in the current climate ( all interpretations) an essential moral move to save this mine and parallel Chinas production - not as an opponent but as a balancing of distribution and supply. It can only be a good thing. Hope they continue to succeed. I've told my daughter and son in law to invest! Patriotic duty !!!
The value of MP was obvious and I was lucky to get in early. It's a critical resource company for the U.S.
Same here. USA needs those materials.
Desktop Metal not so lucky though.
Thank you very much for the data
This made my day. Visionary, smart, humble. I'm jealous of how dynamic America can be, as a European
Wow! Great story and an eye opening issue.
this was really amazing.
Awesome!!
James Litinsky is so underrated. History will remember him as a true visionary ahead of his time
Rare earth mining in the US goes back at least 30 years. And rare earth magnets were invented by GM and Sumitomo back in the 1980's.
More! More!
Very intriguing…
Glad to be a shareholder.
Thanks!
Seems Chamath is pumping MP quite a bit. Not complaining. I'm invested.
I think Friedberg was biting his tongue on this one, he seems to have some strong opinions he was keeping to himself.
He was.. apparently if you dig into MP the only people they sell to have been Chinese and apparently some Chinese people on 7.7%
He knows rare minerals aren’t rare.
This guy is epic. My favorite from the summit!
yeah, every girls dreamboat i know :O oh and his mining stuff is cool too
15:40
Maybe it's my lack of understanding, but I didn't hear the answer to Chamath question about risk management, only references to the past and pathosis
This is FACTS
Wow I was not expecting that 🤯🤯🤯🤯🤯
What a boss!
Great content! Don’t forget uranium 👍
What was the law before and after Wells invested (and lost its capital) in MP Mine? How did laws change and then change again making this possible? Is Oaktree still in it? Would love to hear details
Can’t stop won’t stop
The mine with the wood grouse permit problem, are they talking about lithium americas? $LAC?
I paid 99 USD to pokergo but this is free...... crazy. Love it chaps. keep it up. we want merch!
Chamath thanks for briefly highlighting how DRC has been exploited as a result of the cobalt mining..
Ita about time>> this conversation
Did anyone catch the 2 companies he mentioned along with $MP
It's at 14:25 ... Glencore and then "valey" or something...
Some googling later... The second company is Vale, the world's 2nd largest producer of Nickel. Glencore is number 3.
@@PaulNaveau Thanks, much love.
Now we really get down to brass tacks
My money is on $HYMC and $MP stocks
Some of these rare earth materials can be found in existing stockpiles of coal ash. It's possible to design some bacteria to extract them or use electro-chemical means to get this slagg-together material from the ash. It makes more sense to do that than just dump it in rivers and streams where it will ultimately poison people's drinking water.
This is really interesting. Can you point us to any research discussing these methods?
@@skystar9879 the terms you want to search for: Biomining, Bioloaching, Bacterial sorption and Bioremediation. (You can't post outside links in TH-cam comments)
J Cal made it happen
Are these daily videos from the summit going to lead to an All-in addiction crisis for the viewers?
it's a costa, it's a mesa. nuff said
😊
Did Chamath sell his MP shares?
"partnerships with the DOD". And there it is. NexGen USAF laser weapons require neodymium.
Glencore and vale
gimme palmer luckey!!
How are fellow spac bagholders doing?
Episode ?: Jason is still at the summit.
Fk that let's go oil ,Nat gas, geothermal, hydro and nuclear!!
10T dollars fk that
Wowza… very unsexy essential topic.. it comes out of thin earth is true i guess
maybe anything worthwhile can show appeal once the bug bites you
Seems that the thesis has changed after teslas investor day?
I wish there were social consent to say the names of those elements out loud. It’s high school chemistry for crying out loud. Yes I am a chemist, but I am still expected to know what the Robert’s rules are and what the function of a board is. Why shouldn’t the rest of society know the basics of how the universe works?
Great conversation. But the real issue with the United States is that the Age of the Industrialist is over. Our once glorious industrial base has been eviscerated by the financial class and there is no one with the cajones to take on these risks. You don’t go from running a hedge fund to being a mine operator without a massive amount of capital to buy the talent needed to operate those projects. Our “woke” ESG requirements are an anathema to natural resource extraction. The United State’s path to electrification will be a dream for decades.
At 27:28 David F. was like - not this virtue signaling bs again
@@hatkoob9556 😆
actually bhp looks quite cheap and also give syou nickel among other important metals
Does anyone know what shoes Freidburg is wearing with DARK GREEN soles? 15:40
The original nfts are metals. Try funging metals and materials. Who’s going to want apes in the future when we’re short of real things.
all the snake oils. guys, don't fall for all of this. When Chamath was preaching Virgin Galactic it was exactly the same as this
Just think about how powerful Big Tech is, these people have a combined wealth of over $100 billion, yet they can't post that Palmer Lucky video on TH-cam.
As an American and a studying geology major, I am still very skeptical of MP Materials, particularly given that China-backed Shenghe Holdings owns 7.7% of this company. Not to mention, Chamath is a large investor in this company and is very outspoken with his Anti-Uyghur sentiment. Something just seems fishy with this company. Personally, I think Lynas is a better option in support of western democracy to divest from Chinese natural resources.
80% of batteries are made in China right now, my goal is to get it to 80% in Africa. Give me 20 years.
this is exactly why i think tesla WILL get into mining. it effectively has no choice. once it is pretty much printing money from 2023 onwards it can start investing seriously.
Talon metals nickel will be bought by Tesla
IPOF …
Chamath must be looking to dump his position
WHERE IS LUCKY PALMER STOP HIDING THE GOOD STUFF
Electric vehicles won't do shit. The problem has nothing to do with carbon emissions and everything to do with roads and deforestation.
If anyone can find me a link that says “4 of the 10 largest OEM’s are in China” I will Venmo you $5🤑
Amateur hour without Elon
First to comment bitches
Please drop the intro extro annoying noise. Please!
I put it on first thing in the morning. It gets me kinda pumped ¯\_(ツ)_/¯
population will crash,
what's with the gay sneakers everyone is wearing ?