Ed Conway Profile picture
Jun 15 19 tweets 6 min read Twitter logo Read on Twitter
That’s me in the hard hat, in front of the bucket of a terrifyingly enormous digger.
What you can’t really tell from the picture is that my head was spinning.
I’d just had one of those moments that change your life forever. It would set me off on a journey around the world…🧵 Image
I was at a gold mine in Nevada, one of the world’s biggest. And I had just seen a mountain being exploded. I mean, literally exploded.
Over time they had carved an enormous chunk out of the hill. Which, it turns out was sacred to the local Native American people.
All to get gold Image
& I thought to myself: HANG ON.
If this is what we do the landscape to get a metal used mostly for ornamental & monetary purposes, what do we do to get the stuff we REALLY need?
Come to mention it, what IS the stuff we REALLY need?
What are the substances civilisation depends on? Image
Conventional economics, the sector I’ve spent my career in, didn’t have many answers. So I tried to find some.
I spoke to hundreds of people making the substances & products we all rely on. From fertilisers & chemicals to metals & batteries, our world was built by these people.
I discovered that gold mining is just the start of it. Our appetite for raw materials is rising rapidly 👇
We like to convince ourselves the world is becoming DEmaterialised.
Not a bit of it. We’re ever MORE reliant on the rock and metal and fuels we pull out of the ground. Image
Yet because so much of this stuff is mined and refined and processed on the other side of the world - because it’s out of sight - we allowed ourselves to forget that it was happening at all.
But the flipside of our demand for STUFF is ever bigger holes like that one in Nevada.
I travelled the world to see them. I went down ever bigger holes. I descended to the deepest mine in Europe, where temperatures are over 50 degrees. I saw rock being melted into lava and watched it being formed into metal and then machines.
It was mind blowing. Image
Along the way I began to understand the flipside, the underbelly of the world I thought I knew.
I saw where the seemingly simple materials we all rely on actually COME FROM. I saw how they’re transformed into things like silicon chips and batteries. And I realised something else:
Our ability to thrive in the future, and to fulfil all those carbon goals we’ve set ourselves, depends on this hidden underbelly I like to call the “Material World”.
It depends on us getting the metals & minerals we need to build the 21st century world.
In staggering quantities. ImageImage
📖Material World📖, my book published today, is my attempt to tell this story. It’s told from the vantage point of six of the substances we couldn’t do without.
We dig and mine and drain the earth for these six materials in enormous quantities. The materials are (deep breath):
1. SAND⏳
Silicon gave us the world’s first advanced technology (glass) & its latest (semiconductors).
We use it in concrete & to make new land.
We mine it in greater quantities than anything. Thieves steal beaches. River habitats are ruined, communities uprooted.
All for sand.
2. SALT🧂
Not just a condiment. One of the world’s most important substances.
It’s been used as currency, as salary (clue’s in the word). The history of salt is crazy.
But the present day story is similarly wild. It’s STILL the backbone of our chemicals industry
Follow the salt!
3. IRON⚙️
If it’s not made OF steel (an iron alloy), it’s made WITH steel.
Everything you touch every day. The building you live and work in, the cars & trains you travel in, the hospitals and schools in our towns.
The reason steel matters is because we use it to make EVERYTHING
4. COPPER⚡️
Poss the most under-appreciated substance in the world, copper is the key to our past, our present and our future. We shift more earth to get this stuff than any other metal. And if we’re going to eliminate carbon emissions we’ll need a staggering amount more copper
5. OIL🛢️
Like it or not, oil & gas remain the beating heart of the modern world. Not just for transport. Petrochemicals provide us with substances which both save lives and pollute the oceans.
They give us fertilisers that keep us fed.
Weaning ourselves off them will be v tough!
6. LITHIUM🔋
Up until recently a fringe mineral, today our future depends on getting enough lithium out of the ground to put into batteries in electric cars and to help keep our electrical grids working.
But how will we get enough? And what damage will we cause in its pursuit?
They are the stars of the book. But their stories are surprisingly intertwined.
You’ll see how our processes to produce lithium today are eerily similar to the processes our ancestors used to make salt thousands of years ago…
You’ll see how central ENERGY is to the modern world
You’ll hear about the damage we’ve done in the past, the damage we’re doing now and the damage we may do in the future. But it’s also a tale of wonder: the amazing things humanity can achieve, transforming simple substances into astonishing gadgets.
It’s magic! Alchemy!
This is the most fascinating thing I’ve ever researched.
It changed the way I look at the world and I hope it changes the way you look at the world.
We’re all living in a Material World, like it or not. Think of this as a kind of guidebook. Out now lnk.to/MaterialWorld

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More from @EdConwaySky

Jun 14
👀Blimey
UK money markets now pricing in @bankofengland interest rates of 5.75% by early next year.
That’s a massive change from only a month ago, when they thought rates might peak under 5%.
Things looking increasingly grisly for mortgage payers/the housing market Image
Let me show you why this is such a big deal. And it IS a big deal.
Right now, the average two year fixed rate deal is 5.9% acc to Moneyfacts. The avg 5yr deal is 5.54%.
Let’s be conservative and take the lower rate, and compare it to history…
Highest since 2008 Image
But now let’s adjust for the fact that these days people have bigger mortgages and lower incomes vs their monthly payments. @resi_analyst has done the sums on this. It results in a line like this.
This is a genuinely comparable measure of the burden of mortgage repayments Image
Read 7 tweets
Jun 9
This may look like the most boring press release in the world.
But let me tell you why it’s a big deal.
Acrylonitrile is a massively important chemical we are becoming more and more reliant on.
You find it everywhere. We turn it into astroturf, carpets, resins in car parts etc. Image
But it's also a critical ingredient in the manufacture of CARBON FIBRE. Here, courtesy of @rob_by_robwest , is how you make carbon fibre - one of the strongest/lightest materials in the world.
And without carbon fibre there would be no wind turbines! Image
Most of a wind turbine's blade is made from fibreglass but the really tough bits are made from carbon fibre. And, as I wrote in this piece ages ago, you can't make acrylonitrile, and hence carbon fibre, without OIL & GAS thetimes.co.uk/article/to-be-… ImageImage
Read 6 tweets
Jun 8
Interesting.
I suppose the key question is whether this just replicates the critical minerals agreement the EU announced with the EU back in March, or does it go further?
Looks on the face of it like it’s more or less the same - eg UK playing catch up with EU. But let’s see.
More details on the relevant bit of the agreement. Turns out this isn't quite a deal but the beginning of negotiations. V similar to what the EU is already negotiating. Not that that's a bad thing. But important context. ImageImage
Full details of the "Atlantic Declaration" here. Not a trade deal or anything like it. Then again that's never really been on the cards gov.uk/government/new…
Read 5 tweets
Jun 8
You know some people (most notably Rowan Atkinson in his recent Guardian piece) argue that the big problem with electric cars is that they’re so mineral hungry - and that we might be better off making e-fuels for existing cars as a low-impact alternative? theguardian.com/commentisfree/… Image
There are plenty of flaws in his central argument, most glaringly that electric cars actually are better for the environment on a whole life-cycle basis, which is really the best way to look at it. See @_HannahRitchie. Or this factcheck from @DrSimEvans theguardian.com/environment/20…
However there’s another issue with e-fuels which hasn’t been as widely raised.
They may LOOK like a low mineral alternative to batteries. No lithium! No cobalt! No nickel! But it also transpires you DO still need a shedload of minerals to make e-fuels too!
Read 8 tweets
Jun 7
A really useful map of the supply chain for green power, courtesy of the @IEA.
One takeaway: if you want to make lots of wind turbines or solar panels you need LOADS of raw materials.
It’s one of the topics I explore in depth in MATERIAL WORLD lnk.to/MaterialWorld Image
You also need LOADS of energy to transform these materials into products.
& in the case of silica, you need coking coal to turn it from rock into metal. Most people realise our reliance on coal for steelmaking. Less so for the silicon which goes into solar panels & semiconductors
As I’ve written a zillion times before, in the long run, wind turbines and solar panels rapidly “repay” this carbon and material debt. So the above is no argument not to build this stuff. But nor should we delude ourselves that there are no trade offs here.
Read 5 tweets
May 29
Why, you might be wondering, are illegal raiders going to the extraordinary lengths of stealing metal from old WWII wreckages, war graves at that?
Are they after gold? Silver? Stolen artworks?
The answer, it turns out, is far more interesting: a very, very rare form of steel
This is not the first time HMS Repulse and HMS Prince of Wales, both sunk in the South China Sea in 1941, have been raided for metals. This kind of thing has been happening for years. Pirates scavenging war graves for pieces of metal, cannons and artillery. For the steel. Image
That might sound a little odd, given steel is hardly rare or indeed valuable. It's one of the cheapest types of metal (an alloy technically) but the type of steel we're talking about is one of the rarest substances in the world. It's called "low background steel"
Read 12 tweets

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