Trends›Minerals sit where they sit

Minerals sit where they sit

Where the minerals are is fixed by geology, supply is concentrated in a handful of countries, and a new mine takes ~17 years. Near-term supply is already decided.

Fact
Established
High weight

Fig. 1The world view, with this fact as the washed slab and the beliefs it drives standing on it. Column height is confidence.

Groundsbeliefs this fact drives

Critical materials don't cap the build-out26
Chip supply splits West and China75
Deglobalisation continues85

Markets it enlarges

Rare earths