Critical Minerals | StableBread's Newsletter

Critical Minerals

AWMLF

Aug 13, 2026

Pentagon's Missing Metal

A US$28M company owns the largest known undeveloped indium resource in the US. The US imports 100% of its indium, China controls 70% of supply, and the Pentagon has started soliciting purchases for the stockpile.

ELMT

Jul 2, 2026

Overlooked Tungsten Play

China choked off tungsten, and the miners already ran 10x. The hardest input to secure is high-purity powder, and chipmakers are now switching to molybdenum. One overlooked American name is positioned for both.

UUUU

Jun 23, 2026

$725M Rare Earth Bet

The only U.S. company producing two commercial-purity heavy rare earths from ore, the kind almost no one outside China can make. Both are critical to defense and the AI buildout, and the U.S. government just committed up to $725M to back it.

SLV

Jun 11, 2025

Silver's Structural Deficit Is Getting Worse

Solar demand, supply inelasticity, and China's export restrictions are tightening a market that's been in deficit for five years.