Ari Untracht
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- Milken Institute1h 1m
Critical Minerals: Mining the Future Economy | Milken Institute Global Conference 2024
Ari Untracht, Amos Hochstein, Shauna McIntyre, Zimi Meka, Amit Midha
A global panel warns that meeting net zero and AI infrastructure demands requires 40 to 50 times more copper supply than currently available, yet production timelines lag by up to 14 years while supply chains remain dangerously concentrated in single nations. To address this critical shortage, proposed solutions include Saudi Arabia's $100 billion Allat initiative to establish a clean-energy refining hub, pooled Western financing to de-risk upstream investments, and regulatory shifts to mandate mineral origin tracing. The discussion concludes that without immediate government intervention to crowd-in private capital and develop technologies like direct lithium extraction, the energy transition faces severe supply shocks that threaten national security.