Episode

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

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Macro Hive Conversations With Bilal Hafeez
Published
Mar 20, 2026
Duration seconds
2944
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Summary

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 f luent in seven languages and a regular contributor to Oxford Analytica . H e 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: Disincentivi s ing 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