Erik Prince Starting Fund to Invest in Metals for Electric Vehicles

The video discusses Erik Prince, founder of Blackwater, and his new venture into investing in metals for electric vehicles. It highlights the challenges of sourcing cobalt from the DRC, where 70% of the world's supply is mined, and the potential need for private security in such regions. The discussion also touches on the broader implications for the electric vehicle industry and its supply chain, considering the ethical and logistical issues of sourcing materials from conflict-prone areas.

What new industry is Erik Prince venturing into after Blackwater?

• Renewable energy

• Metals related to electric cars

• Real estate

• Cryptocurrency

What percentage of cobalt is mined in the Democratic Republic of Congo?

• 50%

• 80%

• 70%

• 60%

What is one of the proposed solutions to reduce reliance on cobalt from the DRC?

• Using more coal

• Reducing car production

• Finding a substitute material

• Increasing oil production

How might Erik Prince's background in security be beneficial for his new venture in the DRC?

• It increases the speed of production

• It helps in negotiating better trade deals

• It provides a private security force for operations

• It reduces the cost of mining

What is Erik Prince's connection to the U.S. administration?

• He is a presidential advisor

• He is the brother of the education secretary

• He is a former senator

• He is a state governor