Why Graphite Is The New Gold As Tech Wars Ramp Up | Risky Business
One of Sri Lanka's oldest mines holds valuable deposits of graphite - a critical mineral that makes up the largest part of EV batteries. But even though the country produces the world's purest form, experts say Sri Lanka isn't a global competitor. So what can the country do to rise up and meet the skyrocketing demand?
Editor's Note: A previous version of this video incorrectly stated that the graphite deposits in Sri Lanka are 2,500 years old.
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00:00 - Intro
00:56 - A Way Of Life In Sri Lanka
01:36 - Going Down The Elevator
02:16 - Mining 2,000 Feet Underground
02:41 - Blasting Rocks With Dynamite
04:09 - The Challenges Of Mining
05:23 - History Of Sri Lanka's Graphite
05:57 - China Enters The Graphite Game
06:04 - Processing Vein Graphite In Sri Lanka
06:31 - Graphite Industry In Sri Lanka Vs. China
07:00 - Graphite's Role In EV Batteries
07:31 - China's Monopoly On Graphite
08:01 - China's Graphite Restrictions & The US
08:29 - Potential Of Sri Lanka's Graphite
08:49 - Working In The Kahatagaha Mine
09:28 - A Humble Lifestyle
10:07 - Credits
------------------------------------------------------
#graphite #mining #insidernews
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Plunging 2,000 Feet Underground For A Critical Mineral: Graphite | Risky Business | Insider News
Пікірлер: 540
Its a shame that pretty much all over the world miners are paid extremely low but yet the entire world is dependent on them.
@drmodestoesq
3 ай бұрын
In countries like Canada and Australia, miners are very well paid. And they have powerful political lobbies.
@haxonprime1243
2 ай бұрын
People like to complain about how much the workers are payed, and they are payed exactly or close to the rate the mineral is worth. You don't understand the cost behind the logistic of transporting that stuff across the world. If they payed miners nearly the price of every kilo of graphite, there wouldn't be any money to be made. In fact, most Americans are already use to this. Do you think you make anywhere near what your boss makes HA! Not even close. Stop being a care bear for once in your life and think with your head. Supply and demand, rise and fall, as do the logistic costs of minerals.
@playon6481
2 ай бұрын
@@haxonprime1243Dumba## they can definitely pay the miners more just like how other countries do but that will cut into the politicians and billionaires profit, that’s how billionaires get rich by exploiting the poor and needy.
@waylonjennings5063
2 ай бұрын
@@haxonprime1243to be fair, a lot of these people have a lower standard of living in design so wealthier countries can prosper more. thats the point
@haxonprime1243
2 ай бұрын
@@waylonjennings5063 My point is that people "assume" these people live in poverty, and that just isn't true. America has blue collar workers, they make enough to live, that's it. The same applies to this country. They make enough to get by. That's the point of labor work. People that feel bad for them should also feel bad for the rest of the people ALL OVER THE WORLD working hard labor jobs just to pay their bills and buy food. These bleeding heart snowflakes kill me man. They just don't understand how the world works and it's irritating.
Blessed with natural resources but cursed by politicians- so Sri Lanka
@6ZVI7Z
3 ай бұрын
Politicians are the worst in Srilanka😢 if they work for the country then this country can be very developed like Singapore but much better with all the natural beutiful places it has and with that the tourist industry also would bloom❤
@ws1814
3 ай бұрын
Well people elected them.
@dishnathperera5567
3 ай бұрын
@@ws1814 as a sri lankan I fully agree
@avishkarandika4473
3 ай бұрын
@@ws1814because old people in sri lanka didnt have much political knowledge
@praveenhegde8107
3 ай бұрын
As the people so the leader
"Inject fluid into the walls" 🤣
No proper ventilation? WTF!
I didnt knew Sri lanka has the purest Graphite ...
So how do i invest in graphite?
this father is such a great dad, respect for his hard work, such an exemple for many, he has a hard life but does it for his familly
@carboncarbonx43
2 ай бұрын
Ditto
@WiseOwl_1408
Ай бұрын
And western women hate fathers
@user-vn8nn5kw8q
Ай бұрын
Well he has to no option???
@sweetguy19762
19 күн бұрын
I wonder how there lungs are.
I really hope Sri Lanka doesn't get ripped off .
@thewanderingartists
2 ай бұрын
The political parties are there to rip the locals off
@yerri5567
Ай бұрын
@ZebbMassiv Commodities more or less have the same market value throughout the whole world. Meaning, you cant get "ripped off". You get paid what its worth as of the market value.
@geoffkeller5337
Ай бұрын
Too late
I can tell just from looking thats super pure.
Their face speaks it all 😢
Respect for this father, 2 jobs, helping kids with homework
its not dynamite. Nobody uses dynamite for mining nowadays. that looks like ANFO.
bahan dasar membuat emas dan berlian
I think this is an amazing economic opportunity for Sri Lanka. Let's go!
@w0lf667
3 ай бұрын
lmao you'd wish
@emanside3519
2 ай бұрын
But govern by thieves
@dynamogaming4953
22 күн бұрын
Do you mean oil 🛢?
These people need more respect
Such a good father to work so hard so his son can go to school and for a better future.
So much respect for this Man!
3:09 hu? water is to keep the dust down.
pre-war stockpiling and trade warring
you don't want to be breathing that dust in 😂
breathing this stuff can't be good.
It wasn’t used to make cannon balls, it was used to line molds as a lubricant for things like cannon balls.
@gadaadhoon
2 ай бұрын
Thanks, I knew it couldn't be correct but was too lazy to Google how it was really used
@AdamBechtol
Ай бұрын
@@gadaadhoon Same, lol.
Sri lanka to the resque
Brave souls. SL is a beautiful country, but there safety needs to improve greatly.
Its not the quantity. Its the cost
$100 a month, I FEEL SORRY FOR THESE MINERS
@pezjerk6334
3 ай бұрын
min wage in sri lanka is ~40 dollars/month
@svanimation8969
3 ай бұрын
@@pezjerk6334😮😮😮😮wtf its even ultra max pro level low ! Even India's poorest state Bihar have lowest salary over 120 $ a month 😮 ! Even though Sri Lanka I heard on paper have higher GDP per capita ! Even after all this India's living cost also so so low how tf those people's survive with that much money 😢
@Layde36
3 ай бұрын
Westerners talking about feeling sorry for all the products they enjoyed from slave labour, what hypocrisy
@EasyPhysics-zj7rp
3 ай бұрын
Bro,here in Sri Lanka average meal cost around 1$. Trasportation cost for 10km is around 0.5$. I know it is still much low. But don't compare with KFC Chicken price in some western country.
@EasyPhysics-zj7rp
3 ай бұрын
@@svanimation8969 As a Sri lankan I've never heard such thing.If we take a blue collar job like mason, they charge around 10$/day. In urban areas this is around 15$_20$/day.
Will this crash gold prices?
You would think the US would invest in these companies beneficial to both. We upgrade the mines for them, we get better quantities.
Ceylon Graphite Corp 📈
Even though I am living in Sri Lanka I didn't know the this story.😂😂
love how they got helmets but no eye protection in the begining
Gogo Sri Lanka.
Me: looks at classmates pencil Menacingly.
Wake up people, your so called green transition is not green.
@BE74297
2 ай бұрын
The calif. drought and fires were visibly engineered since 2012, as well as other climate chaos elsewhere, to cause and simulate fake C.C. fraudulently blamed on Gas cars/C02/"fossil fuels." They don't care at all about nature. Fake climate action fast tracks their all EV/LED/EMF/DEW/IOT/AI/GND/NWO technocratic con-troll grid of lies. EVs are for their Nwo slave system of lies. All their Science is fake (control science) that works against Nature (us). Put down your phone and go back to Nature.
They dont use dynamite. It hasnt been used in mines since the 60s
gold metal proses cristaly
300
Glad it's the purest graphite in the world, so they know they're breathing in the good stuff
Graphite becoming the new oil
This is why I've always said mining is one of the hardest jobs out there!
Lol the feed fluid into the wall...to stabilise it.... More like they are drilling the hole and the water is to keep the dust down
Nouveau Monde Graphite - Canada, Panasonic and GM :)
bruh
Does not produces: extracts
Graphite can also be made by Carbon Capture Technology, that actively captures CO² from the atmosphere and dissociates it in to graphite and pure oxygen that could be released. That technology could reverse global warming.
Acho que quis dizer que a produção é de 800.000 toneladas por ano! Sim ou não??
Aren't these what pencil lead is made of?
I have been in the Mining Industry in Western Australia for over 40 years. I recognize and know how to use most of the machinery used in this video. Holman (silver 3??) rock drills are great machines and Ingersol Rand hoists are commonplace around the world. Nothing wrong with your mine, however I might upgrade the clothing and yes the wages could be better
I like how it’s a business KZread channel that’s global yet uses Fahrenheit
@tilapiadave3234
2 ай бұрын
Americans lack the ability to convert , so everyone else suffers
@laskey2175
2 ай бұрын
And prices are in dollars. Cry more.
@tilapiadave3234
2 ай бұрын
@@laskey2175 We cry for the sheer ignorance of the Yanks and their incapability to advance
@tilapiadave3234
2 ай бұрын
@@andysux1 👍
@WrongThink_
2 ай бұрын
@@tilapiadave3234 Let me guess....The U.K. ? 82% Of the U.K.'s GDP is "service sector" and you're saying we don't "advance"..... lol ... Come back when your jokes are better than your healthcare Dave, a Long wait and not a good ending...
I was wondering why everyone was stealing my pencils in school, now I know.
graphite doesnt "store" energy and nobody uses natural graphite in EV-batteries
"Experts say" means politicians
Sri Lanka has resources but don't invest in them
they should hevily invest in graphite mineing in that country buying a machine to automate the crushing sorting and packaging and then modernizeing the mine with new equipment and teqniqea with improve production and efficiently it will pay of 10 fold and make sri lanka a large boost to its gdp
And yet the government doesn’t invest in better equipment in the mines that it owns
@123blakes8
3 ай бұрын
Sri Lanka is broke.
@clogs4956
3 ай бұрын
Yet if the government invested in the mines, it could make a lot of money… short-sightedness.
@whatsfordinner1695
3 ай бұрын
corruption
@crypticTV
3 ай бұрын
@@whatsfordinner1695 No actually atm the country is bankrupt but the economy is growing fast again with the end of Covid boom so they intend to invest into improving the mines.
@Layde36
3 ай бұрын
@@whatsfordinner1695 No more like the western world looted Sri Lanka and all of their valuable resources since the colonial times and now preach about corruption which is induced by western and other foreign superpowers in the first place
The women processing the graphite by hand wearing hardhats with bare feet are just killing me.
@banbpablo
3 ай бұрын
American moment
@kpNov23
3 ай бұрын
Head is more important than feet when it comes to swinging axes
@angelwu86
3 ай бұрын
Is it toxic
@8675steve
3 ай бұрын
I'm sure they're wearing a hard hats just for the video
@kpNov23
3 ай бұрын
@angelwu86 no. Same as graphite in your pencil. Although maybe the dust is in terms of getting into lungs like coal?
Chernobyl: new gold? nuh uh
Aluminum crome nickel and grafite teachings helping throughout process or just once sandblast medal to harder or no for softener with oil blast it two new medals
To bad the "demand" is artificial.
Fascinating
0:40 For that they need best equipments and machinary
So sad only $3.50 cents a day wages
@dougybrownie481
18 күн бұрын
In America that’s one gallon of gas to get you work but not home.
When Toyota's hydrogen engine takes hold of the automotive industry, the need for those hugely expensive EV batteries will disappear and so will the huge demand for graphite! It doesn't take anywhere near as much graphite for phone and laptop batteries...or pencils!
Jesus boss, spend a few cents and get those women some gloves.
@crypticTV
3 ай бұрын
Actually atm the country is bankrupt but the economy is growing fast again with the end of Covid tourist boom (33% of the country is dependent on tourism) so they intend to invest into improving the mines with the new revenue.
@Covvee_
3 ай бұрын
Bro that’s what the graphite was for, lead obviously was more harmful… ☠️ jokes
@kiwidiesel
3 ай бұрын
She was wearing gloves, they were graphite 😂
@BlackHawkTejas
3 ай бұрын
@@crypticTVIts the pentup growth, not a long term one. Sri Lanka isn't very diversified & their last govt was basically a chinese puppet!
@ayanned
3 ай бұрын
The real problem is there isn't any women working "in the mine". GENDER EQUALITY FOR WOMEN!
ဖိုက်တင် နည်းပညာစစ်ပွဲများ
small silver lining, at least the wheels on the mine carts are self lubricating
Neil... great man❤
Clarification it wasn't used as cannonballs it was used in the cannonball mould to make the ball smoother and thus fly straighter.
@drmodestoesq
3 ай бұрын
Thanks, I was wondering. I knew that carbon black was a steel alloying element. So I wondered why they would add expensive graphite.
I believe the fluid acts as a weak blast prohibitor. If every nook and cranny inside the wall is full of water, the explosion will be more powerful as it cant escape through seams. Water or not it's a big boom.
Hey insiders news yall better had help my man's out them mines. Films
You don’t know what you are talking about , they do not inject water in the walls to stabilise them . The water is to stop the dust when drilling .
@cchavezjr7
Ай бұрын
A lot of things said in the video is completely wrong. No research or fact checking done at all.
I was promised graphene would change the future. Is this the beginning?
they got ancient tv, that such a nostalgic throwback 😭👍🏻
🔮
Can smaller player step up to fill the gap...They gonna try.
This video is full of less-than-factual narrations throughout the entire video. It was obvious in the mine scene where the narrator says the worker used a drill "to inject water and stabilize the rock", which he just plain isn't - he's drilling holes in the rock using a water-damped drill to keep rock dust from killing him. The "wires" on the "dynamite" were lit with a naked flame and are obviously fuses, not wires. How many other things can we find wrong with this video?
Such a beautiful place.
Welp.. Say goodbye to pencils kids.
These can be so depressing. I appreciate what I have so much.
Kok gak pakek masker😢
@BE74297
2 ай бұрын
so wrong, tears
These people need better working conditions this is horrible!
Millions of vehicles who’s buying them?
Blast just once
Awp & nova graphite to the moon
Tons of Graphite in Canada. Thunder Bay, Ontario
@drmodestoesq
3 ай бұрын
Lake head? More like lake lead...pencil lead that is.
@sammydsouza4379
3 ай бұрын
@@drmodestoesq Very large, very concentratee Graphite surface deposit just west of Thunder Bay, near Kekabeca Falls.
If the government is stable enough in Sri Lanka 🇱🇰 then I bet investors will take the opportunity to industrialize some of those mines to meet market demand
@w0lf667
3 ай бұрын
Didn't happen in the past won't happen now or the future
@marlontharusha5171
3 ай бұрын
5:39 that's when SL govt, pro-socialist at the time did wrong. Not just graphite, many industries were screwed at this time.
Wow thats cool 😮
Everyone knows that graphite isn't the 'new gold'. It is the new diamond.
Why aren't they wearing eye protection? This is mind boggling.
Not understanding why they aren't wearing any facial or ear protection while in the mine
You shouldn’t pull it out of the ground think about how much hotter it’s gonna get in that area now
no more electric cars..
lol the woman got a helmet on there head but walk around bare foot
Too bad evs don't work in the cold. Or the host of other reasons nobody wants them. There's so many ways these things will just shut off and leave u in trouble or out of charge.
Resources ll end uo soon.
We don't need them
Inhaling all that graphite dust is extremely bad for these people, I feel so bad that they are not given any means of protecting their health.
The workers are not provided hand gloves and mask.Teir life is in danger.
Respect to all those making a living honestly and immense risk.
Countries like Sri Lanka should sell these minerals at a premium price for the benefit if it's people. And also improve its mining infrastructures.