Tomasz Nadrowski is a portfolio manager at the Amvest Terraden Critical Minerals Fund. He was a former Director at the World Economic Forum and Vice President of Business Development at AngloGold Ashanti, then the world's largest gold producer. Tomasz has spent over fifteen years managing commodity and mining equity portfolios for hedge funds and family offices across the U.S., Europe, and Asia.

He is fluent in seven languages and a regular contributor to Oxford Analytica. He combines deep industry knowledge with a strategic understanding of how resources, markets, and power intersect in today's shifting geopolitical landscape. He is also the host of the podcast Tyranny Today. In this podcast, we discuss:

Geopolitics vs. the Commodity Cycle
China's VAT Rebate and Value-Added Strategy
Critical Choke Points: Rare Earths, Graphite, and Gallium
Regulatory Roadblocks and the Stigma of "Dirty" Mining
The Abdication of Western Capital Markets
Human Capital Gaps and the "Octogenarian Engineer" Problem
Geoeconomic Pricing: Disincentivising New Capacity
From "Just-in-Time" to "Just-in-Case" Production
Japan's "House of Brick" Model for Resilience
The Mineral War and the "Soul" of AI
A Shift Toward Oligopolistic Competition

Ep. 350: Tomasz Nadrowski on China's Mineral War, Western Supply Chain Gaps, and Global Resilience

Macro Hive Conversations With Bilal Hafeez

Ep. 350: Tomasz Nadrowski on China's Mineral War, Western Supply Chain Gaps, and Global Resilience