What We Hunt

The future global economy, translated into minerals.

Three demand horizons, standing on the electrification wave already running. One search engine. Search images built now, while the ground is cheap.

Horizon 1 Now

The AI build-out

Compute is electricity, and electricity is metal. Copper is non-negotiable: data centres, grid, transformers, every motor winding; global supply cannot keep pace with the build-out already underway. Silver, the best conductor known, rides every electronic assembly and the solar fleets powering the racks. Tin is the sleeper: nothing electronic exists without solder, and the entire tin market is a twentieth the size of copper's. These three metals are our foundation hunt.

Cu · Ag · Sn · carried by Eirzan Copper

A single AI server rack photographed in a studio: black chassis, rows of compute sleds with copper heat-pipes and cabling visible on the front — One rack of the build-out. Multiply by rows, halls and campuses and the copper, silver and tin add up to a mine.

Running now The floor under all three

Electrification

An electric vehicle is a copper mine on wheels: motor windings, busbars, the harness through the body, the charger it plugs into and the substation behind that. Electrification bids for the same pounds of copper the AI build-out needs, from the same short supply. Behind the copper sit the battery minerals, lithium and nickel, graphite for the anode, and battery-grade phosphate for the LFP cells now taking the volume end of the market. Each traction motor is another NdFeB magnet, and every fast charger, substation and transmission span adds aluminium.

None of that is a forecast. The vehicles, the chargers and the grid upgrades are being built against order books, which is why we treat electrification as the floor under the three horizons rather than one of them.

Cu · Li · Ni · C · P · Nd · Pr · Al · carried by Eirzan Copper, Kinkosa Critical Minerals and Valdur Rare

An angular stainless-steel electric pickup photographed in a studio, a single light bar across the front and heavy off-road tyres — The vehicle is the visible part. The wiring behind the panels, the cells under the floor and the grid that charges it are where the minerals sit.

Horizon 2 This decade

Robotics

A robot is a magnet multiplier: dozens of NdFeB motor joints per unit, millions of units per year in every serious forecast. The value in "rare earths" concentrates in neodymium and praseodymium, with dysprosium and terbium wherever joints run hot, and the West currently imports its magnet chain almost entirely. Add graphite for the batteries and vanadium for the long-duration storage behind the factories, and robotics is a second, compounding demand wave on top of the AI build-out.

Nd · Pr · Dy · Tb · C · V · carried by Valdur Rare

Nineteen subsystems, twenty-two minerals, and our status against every one of them.

Sintered neodymium-iron-boron magnet segments resting on copper foil beside a small pile of rare-earth mineral concentrate.

Horizon 3 The horizon

Galactic compute

Compute is already leaving the planet: orbital data-centre demonstrators, satellite mega-constellations, space-hardened electronics. Every kilogram launched is refined somewhere first: high-purity quartz for the crucibles and wafers, high-purity alumina for the coatings, helium for cryogenics and quantum systems, niobium and tantalum in superconductors and capacitors, and nuclear fuel for the small modular reactors that dense compute increasingly demands.

It sounds like science fiction until you price the supply chains. Then it looks like a minerals shortage with a launch date. We build search images for these inputs now, while the ground is cheap.

A full-stack heavy-lift launch vehicle in stainless steel photographed in a studio, booster and ship stacked, grid fins and flaps visible — Every kilogram that leaves the pad was refined somewhere first. The launch vehicle is the last step of a supply chain that starts in the ground.