The Underworld Podcast The Underworld Podcast

Shafted: How Cartels are Killing for Rare-Earths

Aug 25, 2026 · 44m

Summary

This episode explores how the global surge in clean energy demand has triggered a deadly mineral rush in Latin America, particularly at Bolivia’s Cerro Rico. The host visits the site to meet "guarda bocaminas," women who defend mines from organized criminal gangs now exploiting the skyrocketing price of silver. The discussion links this local violence to broader geopolitical tensions, noting that drug cartels and state actors are increasingly infiltrating supply chains for electric vehicles and renewable technologies.

Topics discussed

Sponsor: Wise money transfer service Sponsor: Smartly Advance Conference The Green Revolution: EVs and solar energy costs Geopolitics of rare earth minerals and US-China tensions Rise of organized crime in Latin American mining Arrival in Potosi and the landscape of Cerro Rico The silver rush and surge in mining activity Scale of illegal mining and political corruption Meet Lucia: Life as a female mine guard The evolution of 'Hookus' from bandits to organized crime Violence and defense strategies against armed thieves History of Potosi: Discovery and the Spanish Empire Sponsors: Smartly, Toyota, and Call Eva Now Global impact of Potosi silver and the 'Pieces of 8' Historical crime: Slavery and the legend of El Duende Traditional roles of women and dogs in mine security Modern supply chains for illicit mineral trafficking Sponsors: Smartly, Toyota, and Call Eva Now Expert analysis: Cartel diversification and China's role Reporter insights: New income streams for Mexican cartels Conclusion: The future of crime and clean energy
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