Christopher Grove: China's Stranglehold is Loosening
Tom welcomes back Christopher Grove, President of Commerce Resources. Chris explains how four of seventeen rare earth metals are essential for electric motors and generators. Ultimately, most electric cars make use of these magnets in their motors.
To subscribe to our newsletter and get notified of new shows, please visit http://palisadesradio.ca
China had managed to corner the market on rare earth metals with the help of government subsidies. Countries have been looking to find alternative sources as China has demonstrated its willingness to use rare earths for political leverage.
Demand has doubled in the past decade for rare earths. There are few new producers but several companies in the west are trying to bring new supplies to the market. Rare earths are challenging to both find and extract.
The demand for new electric vehicles remains particularly strong in Europe where bans on older ICE vehicles are coming. Therefore, demand is not going away and could become a serious challenge. Prices have fluctuated mostly upwards in the last decade and who knows what the next decade may bring.
Many concerned companies are seeking to reduce their reliance on these metals from China.
Lastly, Chris discusses the types of geology that tend to host these minerals and why few types of host rocks are economically viable.
Time Stamp References:
0:00 - Introduction
0:47 - Rare Earth Elements
4:33 - Alternatives to China
10:50 - Rare Earth Demand
13:12 - Supply & Demand Shocks
20:14 - Supply Gap Predictions
22:18 - Western Production
29:44 - Geology & Mineralogy
33:32 - Environmental Concerns
35:52 - Concluding Thoughts
Talking Points From This Episode
- Importance and applications for rare earth elements.
- China's role and the Western developments in the rare earth space.
- The difficulties of finding and producing economically viable rare earth metals.
Guest Links:
Twitter: https://twitter.com/commercerescce
Website: https://commerceresources.com/
Suggested Links:
Rare Earth Observer: https://treo.substack.com/
Adamas Intelligence: https://www.adamasintel.com/
Mr. Christopher Grove is President and Director of Commerce Resources since September 2014. Previously, he worked as Corporate Communications for Commerce since 2004 and has significant contacts within the financial communities in North America and Europe. Mr. Grove joined the Commerce Resource board in 2012 and has been active in representing the company abroad.
#ChrisGrove #RareEarthMetals #Electrification #ElectricMotors #China #Europe #ElectricVehicles #PermanentMagnets
-
43:31
Palisades Gold Radio
9 days agoDavid Jensen: The London Metals Exchanges are the Crux of Market Pricing
6102 -
LIVE
Dave Portnoy
1 hour agoThe Unnamed Show With Dave Portnoy, Kirk Minihane, Ryan Whitney - Ep. 19
782 watching -
LIVE
Benny Johnson
1 hour agoTop Democrats PANIC as New Polls Show DOOM For Biden | Trump SURGES 📈 | 'Time To Replace Joe?'
6,686 watching -
57:58
The Rubin Report
1 hour agoDebate over COVID Failures Gets Tense | Chris Cuomo
7.43K21 -
LIVE
Steven Crowder
3 hours agoREBUTTAL: Jon Stewart is WRONG about Gun Violence
21,369 watching -
2:10:55
Matt Kohrs
3 hours agoStocks Are EXPLODING HIGHER, Nvidia is King & GameStop is Falling
29K6 -
1:28:50
Graham Allen
4 hours agoMega Church Pastor Forced to RESIGN! + Ten Commandments Back in Schools🔥
32.4K79 -
44:57
Rethinking the Dollar
1 hour agoGOP WANTS $500 BILL TO HONOR TRUMP | SIGNS OF GREATER INFLATION TO COME? | Morning Check-In w/ Mike
6.23K2 -
1:36:11
The Podcast of the Lotus Eaters
6 hours agoThe Podcast of the Lotus Eaters #941
42.1K25 -
1:17:47
jeffahern
3 hours agoThursday Thrash With Jeff Ahern (6am Pacific)
23K3