Japan is pleading with Washington for yttrium, Western samarium trades at 346 times the Chinese price, and the average rare earth developer trades at less than half of NAV.

The supply/demand chart says it all. 

The IEA still sees primary copper supply about 25% short of requirements by 2035...

"Sangdong continues to ramp with its first shipment expected in late-October..." 

Trump does have a card to play in response. 

"The European Commission is currently assessing the potential for concrete cooperation with Vietnam in the critical raw materials sector." 

Morgan Stanley analysts described "the long-term outlook for thermal coal demand" as "more resilient."

"Freeport-McMoRan remains BofA's top copper stock, while..." 

Goldman analysts forecast that Chinese and global lithium markets would shift from deficits to near-balance in the fourth quarter, then into surpluses over the... 

Nornickel has concentrated 40% of the world's palladium refining into one plant that sits well inside the range of Ukraine's military drones. 

"The key takeaway for investors is that supply growth is expected to lag demand growth for several years..." 

"Antofagasta is facing its first-ever strike at the Centinela copper mine in Chile, set to begin this morning... "

Harrowing details given by captains & crew...

"The biggest gaps do not sit in the mine, but rather in processing..." 

Farmers in several provinces reported herd clearances and rapid pig deaths, while authorities offered no confirmation of the outbreaks.

"Policy is moving beyond grants toward equity, price floors, loans, offtake and stockpiles designed to preserve capacity through commodity cycles."

 

" ... tungsten mined and processed in an allied nation is now a reality." 

"It is in Europe's best interest to work with the United States as we pursue multiple pathways to boost the supply of refined products and lower costs for consumers." 

David Perdue says China has escalated its rare-earth controls to include criminal penalties, asset seizures, and exit bans.

"... most acute copper scarcity on record."