The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 10 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Litinsky: China drove almost all global commodity capacity expansion last decade
“Pretty much all of the incremental steel and aluminum and commodities capacity in the world over the last decade has come online because, you know, China has led the way.”
Litinsky: Rare earth supply chain outside MP Materials is domiciled in China
“So outside of us, this entire supply chain is essentially domiciled in China.”
Litinsky: Glencore and Vale could match market caps in 3-year cash flow
“So, so actually the nickel industry is dominated by essentially Glencore and Valle. Those two businesses, and I'm not, you know, I'm not pitching stocks, but as an investor, you know, we'll see what the next panel, those two businesses right now at today's com…”
Litinsky: MP Materials is 100% of the US rare earth industry
“We're a hundred percent of the American industry.”
Litinsky: Coal powers 80% of China's steel and aluminum production
“Interestingly, about 80% of the aluminum and 80, 80% of the steel production in China is done with coal.”
Litinsky warns of a massive looming supply deficit for NdPr rare earths
“This is NDPR. This is the stuff that we make, the input into magnetics. You can see there's a huge deficit that is looming.”
Litinsky: MP Materials generates ~$450M in run-rate EBITDA
“We're now doing approximately four hundred and fifty million of run rate EBITDA today.”
Litinsky: Four of top 10 global EV auto OEMs are Chinese
“Four of the top 10 OEMs are Chinese, by global battery electric share.”