Mining

Rare Earth Mania: When China Squeezed the World's Tech Supply

Your phone has rare earths in it. Your laptop has them. If you drive a hybrid or electric car, it is full of them. Wind turbines need them. Flat screens need them. Pretty much every piece of modern technology needs a tiny bit of these 17 metals that most people have never heard of. Chapter 39 of Torsten Dennin’s “From Tulips to Bitcoins” (ISBN: 978-1-63299-227-7) tells the story of what happened when one country controlled almost all of the supply and decided to squeeze.

Rare Earth Mania: When China Squeezed the World's Tech Supply

Your phone has rare earths in it. Your laptop has them. If you drive a hybrid or electric car, it is full of them. Wind turbines need them. Flat screens need them. Pretty much every piece of modern technology needs a tiny bit of these 17 metals that most people have never heard of. Chapter 39 of Torsten Dennin’s “From Tulips to Bitcoins” (ISBN: 978-1-63299-227-7) tells the story of what happened when one country controlled almost all of the supply and decided to squeeze.

Copper, Congo, and the Kazakh Oligarchs

The Democratic Republic of Congo is the third largest country in Africa. It sits on top of enormous reserves of cobalt, diamonds, copper, gold, and rare minerals. By any logic, this should be one of the wealthiest nations on the continent. Instead, it is one of the poorest countries on Earth. Only Zimbabwe has a lower per capita GDP. Chapter 35 of Torsten Dennin’s “From Tulips to Bitcoins” tells the story of how Kazakh oligarchs ended up controlling Congo’s copper riches through a chain of shady deals, corrupt middlemen, and a government that treated its country’s resources like personal property.

Copper, Congo, and the Kazakh Oligarchs

The Democratic Republic of Congo is the third largest country in Africa. It sits on top of enormous reserves of cobalt, diamonds, copper, gold, and rare minerals. By any logic, this should be one of the wealthiest nations on the continent. Instead, it is one of the poorest countries on Earth. Only Zimbabwe has a lower per capita GDP. Chapter 35 of Torsten Dennin’s “From Tulips to Bitcoins” tells the story of how Kazakh oligarchs ended up controlling Congo’s copper riches through a chain of shady deals, corrupt middlemen, and a government that treated its country’s resources like personal property.

When South Africa's Lights Went Out and Platinum Went Crazy

Imagine you control 80% of the world’s supply of a precious metal. And then one day your electricity just stops working. Chapter 29 of Torsten Dennin’s “From Tulips to Bitcoins” tells the story of South Africa’s platinum industry getting hit by the most basic problem imaginable: no power.

The Bre-X Gold Fraud: The Biggest Mining Scam in History

St. Paul, Alberta. A town of five thousand people in the Canadian prairies. The town’s only claim to fame is a UFO landing platform, built in 1967 for Canada’s centennial. A concrete pad with a sign inviting extraterrestrial visitors to land. Nothing ever landed. But in the mid-1990s, something stranger than aliens happened to this town. Chapter 18 of Torsten Dennin’s “From Tulips to Bitcoins” tells the story of Bre-X Minerals, the biggest mining fraud in Canadian history.

The Bre-X Gold Fraud: The Biggest Mining Scam in History

St. Paul, Alberta. A town of five thousand people in the Canadian prairies. The town’s only claim to fame is a UFO landing platform, built in 1967 for Canada’s centennial. A concrete pad with a sign inviting extraterrestrial visitors to land. Nothing ever landed. But in the mid-1990s, something stranger than aliens happened to this town. Chapter 18 of Torsten Dennin’s “From Tulips to Bitcoins” tells the story of Bre-X Minerals, the biggest mining fraud in Canadian history.