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Transcripts For BBCNEWS BBC 20240704

Head of the Us Emergency Management Agency says the agency is a redeployed an assistant team. A correspondent is in los angeles and does the latest. ~. ,. , latest. We are expecting to make landfall latest. We are expecting to make landfall in latest. We are expecting to make landfall in the latest. We are expecting to make landfall in the next i latest. We are expecting to l make landfall in the next few hours in a very remotely populated part of california and mexico. Tijuana, the border city, the tourist city in mexico is certainly in the path there the hurricane to their grave concerns that can cause some serious damage there before moving north into california has a Tropical Storm and that is the unusual part of this hurricane and Tropical Storm can get to california and is expected to continue moving north as opposed to moving west which is what hurricane would generally do and then dissipate over the ocean. The likely consequences are going to be extremely heavy rain in californ

Transcripts For BBCNEWS Talking 20240704

You know, an iphone sold in the us or europe might be designed in california and built in india using Semiconductors Made in taiwan from Raw Materials provided by china. So if any link in that supply chain breaks, it sets up big problems for the rest of the chain. And thats true for smartphones, as it is for pcs, and especially in Battery Production for those Electric Vehicles were buying more and more of. So what if one country decides to make it harderfor others to get hold of some of those critical Raw Materials . Well, thats what china announced just last month. Translation the Chinese Government implements i Export Controls on gallium and germanium related items in accordance with the law to ensure that they are used for legitimate purposes in order to safeguard National Security and better fulfil our international obligations. For quite some time now, the us side has been abusing Export Control measures to continuously strengthen its crackdown on chinas semiconductors and artific

Transcripts for BBCNEWS Talking Business 20240604 23:30:00

being sent to china. i m going to be discussing all of that with these two, there they are. jose fernandez, a us undersecretary at the state department, he s the leader of the transnational mineral security partnership. and from beijing, einartangen, who s a seniorfellow at the taihe institute. also on the show, i m going to hear from the big boss of hologic. it s the health care company that found a way to make a difference at the height of the pandemic. wherever you rejoining me from around the world, once again, a big hello and a warm welcome to the show. what does it take to get your smartphone from the drawing board to your pocket? well, of course, oodles of ingenuity and billions of dollars in research and development, and that s before the raw materials are even stitched together in the right order to build your device. and it s only possible because of our interconnected world.

Transcripts for BBCNEWS Talking Business 20240604 23:41:00

doing now, number one, we re sharing information with the countries that are members of the mineral security partnership. we are going to share investments, we re going to share financing. we are also going to work together on recycling, aaron. right now, for example, for electric vehicle batteries, we don t really use many recycled materials in order to in order to manufacture them. but experts will tell you that in 10 to 15 years, we will use as much as 15% of our batteries will come from recycled materials. so we are working together. and let me end on this, jose, you know, there are some that suggest it s time to start ratcheting down the tensions over these minerals securities. what can you do, jose, to take the sting out of the issue? because at the end of the day, and you ve mentioned it several times, we all need to work together in this globalised world.

Transcripts for BBCNEWS Talking Business 20240604 23:34:00

powers, such as the eu, the us and china, are planting theirflag in places to secure a steady supply of critical raw materials. and today, that s china. why? because china, for two reasons, one, china has dominated the processing of these critical raw materials. so it offers a market to mining companies to export their product to china, where it will be processed. but that s not all. china is also dominating the manufacturing of end applications. so, for instance, your electric vehicle, your battery and your semiconductors. we ll see that the processing of these key raw materials takes place in a single country, which in itself is a big threat. well, my first guest is a man on a mission. he s been tasked with overseeing mineral security for the united states. he also leads the transnational mineral security partnership, known as the msp, which

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