WORLD CRITICAL MINERALSRESOURCES. RESILIENCE. PERSPECTIVE.
THE VALUE CHAIN

A material is only as usable
as the system around it.

Follow six connected stages. Each has its own geography, capability requirements and evidence to verify.

01 / THE CONNECTED SYSTEM

Six stages. Different constraints.

01 / STAGE

Extraction

Ore, brine or another primary source enters a project-specific extraction route.

Look for
Mine location, permits, recoverable grade, water, energy and logistics.

Ask
Does the project produce the form you need, or an intermediate requiring further treatment?

02 / STAGE

Processing & separation

Concentration and separation prepare an intermediate material. Routes depend on mineralogy and impurities.

Look for
Recovery, reagents, waste streams, metallurgical expertise and processing infrastructure.

Ask
Which step constrains output even if the deposit itself is geographically diversified?

03 / STAGE

Refining & specification

Purification and conversion create a product to a defined chemical and physical specification.

Look for
Purity, contaminant limits, consistency, product form and laboratory verification.

Ask
Can the processor repeatedly meet the purchaser’s specification?

04 / STAGE

Materials & components

Qualified inputs enter cathodes, anodes, magnets, alloys or semiconductor materials.

Look for
Yield, intellectual property, component qualification and production compatibility.

Ask
Can an alternate input be qualified within the required timeframe?

05 / STAGE

Industrial application

Materials become grids, storage, machinery, electronics and other industrial systems.

Look for
Design choices, substitution, service life, reliability and end-customer requirements.

Ask
Which performance requirement makes the material difficult to replace?

06 / STAGE

Recovery & recirculation

Production scrap and end-of-life products may re-enter a recovery route.

Look for
Collection, chemistry, separation costs, safety, recovery efficiency and end-market acceptance.

Ask
Is suitable feedstock available now, in the right composition and scale?

This is an original decision framework. Real routes can combine, repeat or omit stages. No stage map certifies a project or establishes available supply.

Sources & context

IEA — Global Critical Minerals Outlook 2026 ↗
16 July 2026 · CC BY 4.0 · Reviewed 5 November 2026.

USGS — Mineral Commodity Summaries 2026 ↗
6 February 2026; revised May 2026 · Reviewed 5 November 2026.

02 / AN EXAMPLE

Graphite illustrates
the distinction.

Natural graphite production and anode-ready material are different outputs.

Concentration, shaping, purification and coating may stand between a mineral feedstock and a qualified battery input. Synthetic graphite follows a different production route.

Read the graphite profile

Build a stage-specific brief

  • Identify the product and manufacturing requirement.
  • Locate each processing step, not just the mine.
  • Verify qualification, logistics and replacement lead time.
  • Document the source, date and remaining uncertainty.
Prepare a local materials brief