A mining tycoon has a $1 billion plan to release China's chokehold on the global electric car race

Ng Han Guan, File/AP Images Over the next 20 years, sales of electric vehicles are predicted to outstrip petrol and diesel engine cars. That has huge implications for the supply of metals that go into these vehicles. South African mining tycoon Brian Menell says China controls most of the supply for rare earth metals, lithium, and other important technology metals. He has founded TechMet to help challenge that dominance and says it could be a $1 billion company in five years. By 2040, more peopl...