This podcast episode explores the trading future of critical minerals and the importance of private capital investment, freely traded markets, and transparency in driving the energy transition. It discusses the potential for the commoditization of critical minerals and its impact on the energy commodities industry. The challenges faced by auto manufacturers in the electric vehicle market and the complexity of building new supply chains for EVs are also examined. The conversation highlights the role of China in critical minerals and the need for state action to create a vibrant traded market. The uncertainty and volatility in supply chains for new technologies and minerals, the consequences of de-globalization and protectionism, and the lack of engagement with the trading community in policy-making are further discussed.