#AIS: MP Materials CEO James Litinsky on rare earths, supply chain, and energy independence

#AIS:MP材料公司首席执行官詹姆斯·利特尼斯基谈稀土、供应链和能源独立

All-In with Chamath, Jason, Sacks & Friedberg

2022-06-01

28 分钟
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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
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  • Okay, so I wanted to introduce somebody.

  • This is an incredible story of a turnaround of a business that impacts a lot of us in America,

  • if you care about climate change, et cetera.

  • His name is Jim Letinsky,

  • and here's a guy who had all the success in the world, running a hedge fund successfully.

  • A business called Molly Corp goes into bankruptcy.

  • He basically puts his entire fund in it, brings it out of bankruptcy,

  • manages to build one of the first mines that was completely cleared.

  • You heard what Elon said about California in California,

  • that mines some of these rare earths and critical metals that we need to make permanent magnets that we use in electric motors.

  • On the front lines of climate change,

  • building factories now in South Carolina with GM, et cetera, et cetera.

  • So Jim's going to walk you through a few things and we're going to talk about some climate change stuff after this.

  • Hey everyone, so I'm Jim.

  • I used to run a hedge fund and now I'm an accidental industrialist so I want to take you through that journey and then

  • while I do that it'll you know we'll go through the problem that I'd like to solve,

  • just to provide some context.

  • So I think if we think about a lot of the things that just came up with respect to the economy,

  • it's been about a decade plus since the global financial crisis.

  • And in that decade plus,