Walter Russell Mead discusses America’s new lithium wealth; the Palestinians’ bargaining position in Saudi-Israeli peace talks; the drugs, violence, and migration problems in America’s backyard; and why you should read Sir Walter Scott on his podcast What Really Matters.

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Bucket-wheel excavators mine rare earth materials on Ukrainian soil on February 25, 2025, in the Zhytomyr region of Ukraine. (Kostiantyn Liberov via Getty Images)