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." 

"We prefer investing in stocks already positioned as bottleneck solutions..." 

"...more signaling, less substance..."

" ... 33-year low, as a reduced forecast for harvested area more than offsets a higher yield." 

 

Those inventories fell to 43,900 tons, the lowest since 2023.

"It's his war that caused this...and many farmers feel like we shouldn't be there"

China's quasi-monopolistic control of critical materials can be used as geopolitical leverage.

VanEck Rare Earth and Strategic Metals ready for a rebound? 

"The pricing would be for substantially less than we are currently paying to Canada..." 

"What matters now is execution – bringing new supply into a market that badly needs it." 

"Talks between the two companies have been underway since earlier this year..." 

It's all about leverage. 

"The agreement is intended to create an expedited tungsten supply solution..." 

$50 million order. 

Who is next? 

"We see a number of risks that could drive up thermal coal prices over next few months, with 1) demand supported... "

"Sure this is "not a war" but the oil market is rallying like it is: Futures gained ~$10/b on the week (so far); structure is exploding..." 

"Crude is the signal, and now we think about products ... they are the noise." 

"Today's news should further close the CME-LME arbitrage which has previously benefited companies ..."