The Critical Materials Constraint
Over the past two episodes we've explored the first two binding constraints shaping the AI Industrial Economy: high-bandwidth memory and delivered power. This week we move further down the supply chain. To the ground itself.
The AI revolution doesn't begin inside a data centre. It begins in copper mines, uranium deposits, rare earth refineries and the global supply chains that underpin every transformer, GPU, cable and power station.
In this episode we examine why critical materials may become the next major bottleneck in the AI Supercycle, and why markets may still be underpricing the scale…
The skinny
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