Integral but simmering away in the background, like a pot of boiling water on pasta night, it can take a boilover for geopolitics to attract proper investor attention.
At that point it’s potentially too late. The chance to avoid a messy clean-up, or capitalise on an opportunity, has likely already passed.
But those with attention to detail will tell you the visual and audible signs of a boilover are usually there before it happens.
As steam and bubbling are tell-tale signs of a pot that could overflow, mineral strategy and rhetoric can be used to gauge how a nation is feeling about its material supply chains.
Boy, there’s plenty of steam around rare earths supply chains right now.
From the US to the EU to Australia, rare earths – the group of 17 obscurely named metals increasingly important to the high-powered magnets and technologies of tomorrow – are topping the list of critical mineral…