Critical Metals HubGet alerts

Glossary

The words behind critical minerals, in plain English

What “HS code”, “refined” or “export control” actually mean, and where they come up on this site.

Can’t find a word? Ask the assistant. Last updated 6 Oct 2026. Explanations are simplified and are not legal or trade-compliance advice.

99 terms

A

Alloy

Metals, alloys & compounds

A metal made by mixing two or more elements to get better properties than either alone.

Most metal is used as an alloy. Small additions can make a big difference: a little niobium or vanadium makes steel much stronger, and chromium makes it stainless.

That's why many critical minerals matter even in small amounts. They are the ingredient that gives an alloy its strength, heat resistance or corrosion resistance.

Where you’ll see this: 63 material pages

Related: Ferroalloy, Superalloy, Master alloy, Stainless steel

Anode

Uses & technology

The negative side of a battery; in lithium-ion batteries it is usually made of graphite.

Graphite, natural or synthetic, is by far the main battery anode material, with small amounts of silicon added to some to store more energy. China makes almost all of the world's battery anode material.

Where you’ll see this: 6 material pages

Related: Cathode, Lithium-ion battery

Extra import taxes aimed at goods sold abroad unfairly cheaply, or made with unfair subsidies.

Anti-dumping duties apply when goods are sold abroad for less than at home or below cost. Countervailing duties offset government subsidies. Both follow an investigation and usually target specific products from specific countries.

Related: Tariff, Safeguard measure

Arc furnace

Processing

Also called: electric arc furnace, submerged arc furnace

A furnace heated by huge electric sparks between carbon electrodes, used for steel and ferroalloys.

Electric arc furnaces (EAF) melt scrap to make steel. Submerged arc furnaces, where the electrodes sit inside the charge, are the workhorses of ferroalloy production, such as ferrochrome, ferromanganese and ferrosilicon. Both use a lot of power, so electricity supply and cost shape where they are built.

Related: Ferroalloy, Smelting, Scrap

B

Brine

Mining & supply

Very salty underground water from which some minerals, especially lithium, are extracted.

In the salt flats of Chile, Argentina, Bolivia and China, brine is pumped to the surface and left in large ponds so the sun evaporates the water and concentrates the lithium. Newer direct lithium extraction (DLE) methods pull lithium straight out of the brine.

Brines are also a source of potash, magnesium, bromine and boron.

Where you’ll see this: 6 material pages

Related: Spodumene, Carbonate, Lithium-ion battery

By-product

Mining & supply

A material recovered only as a side stream while mining or processing a different, main metal.

Many critical minerals are never mined for their own sake. They turn up in small amounts in the ore of a bigger metal and are recovered along the way, if the plant has the equipment to do it.

This matters for supply: if demand for the by-product rises, miners can't simply dig more. Output depends on how much of the host metal is produced, and on whether those plants bother to recover the by-product at all.

Example: Gallium comes mainly from alumina refining, germanium and indium from zinc processing, and tellurium from copper refining.

Where you’ll see this: 44 material pages

Related: Co-product, Supply concentration, Mine production

C

CAS number

Lists, data & organisations

Also called: CAS registry number

A unique ID number given to every chemical substance, used on safety sheets and in regulations.

CAS numbers are assigned by the Chemical Abstracts Service. They remove ambiguity when the same substance has several names.

Example: Cobalt metal is CAS 7440-48-4.

Where you’ll see this: 14 material pages

Related: HS code

Catalyst

Uses & technology

A substance that speeds up a chemical reaction without being used up.

Catalysts are used in car exhaust systems (platinum, palladium, rhodium), oil refining (cerium, lanthanum) and chemical plants. Only small amounts are needed, but for many of them there is no good substitute.

Related: Platinum group metals, Rare earth elements

Cathode

Uses & technology

Either the positive side of a battery, or a sheet of pure metal made by electrowinning or refining.

The word has two meanings on this site. In batteries, the cathode is the positive electrode, where most of the valuable metals (nickel, cobalt, manganese, lithium) sit.

In metal trading, a cathode is a flat sheet of refined metal, such as copper cathode or cobalt cathode, produced by electrowinning or electrolytic refining.

Where you’ll see this: 6 material pages

Related: Anode, NMC / NCM, LFP, Electrowinning

Cemented carbide

Metals, alloys & compounds

Also called: hardmetal, tungsten carbide

An extremely hard material made of tungsten carbide grains bound together with cobalt.

Cemented carbide is used for cutting tools, drill bits and wear parts. It is the largest use of tungsten and an important use of cobalt, which acts as the glue between the grains.

Where you’ll see this: 3 material pages

Related: Sintering, Superalloy

CIF and FOB

CIFLists, data & organisations

Also called: cost, insurance and freight, free on board

Two ways to value a shipment: FOB is the value when loaded at the export port; CIF adds shipping and insurance.

Importers usually report the CIF value and exporters the FOB value, so the two sides of the same trade rarely match exactly. This site's trade values are CIF, because they come from importers.

Related: Mirror data, UN Comtrade

Co-product

Mining & supply

Two or more materials mined together from the same ore, each valuable enough to matter.

Co-products come out of the same mine in fixed proportions. Unlike a by-product, each one makes a real contribution to the mine's income.

Because the proportions are set by geology, producers can't choose to make more of one without making more of the others.

Example: Platinum, palladium and rhodium are mined together from the same South African and Russian ores.

Related: By-product, Platinum group metals

Concentrate

Mining & supply

Ore that has been crushed and sorted near the mine so that most of the waste rock is removed.

Mines rarely ship raw ore. They grind it and separate the useful mineral from the waste, using water, chemicals, magnets or gravity. The result is a concentrate: a powder or sand with a much higher metal content.

Concentrates are what usually travel to smelters and refineries, often in another country. That is why the country that mines a material and the country that refines it are often different.

Example: Australia mines spodumene and ships most of it as concentrate to China, where it is turned into lithium chemicals.

Where you’ll see this: 37 material pages

Related: Ore, Smelting, Refining, Spodumene

Critical mineral

Lists, data & organisations

A mineral a government considers essential to its economy or security and at risk of supply disruption.

In the United States, the USGS publishes the official list, most recently the final 2025 list of 60 minerals. Being on the list can unlock funding, faster permits and stockpiling.

Each badge on a material page shows whether it is on the US list, the EU critical raw materials list, or both.

Browse all listed materials →

Where you’ll see this: 60 material pages

Related: Critical raw material (EU), Strategic raw material (EU), U.S. Geological Survey

Source: Federal Register, Final 2025 List of Critical Minerals

Critical raw material (EU)

Lists, data & organisations

A raw material the European Union lists as economically important and at high supply risk.

The EU's list is set in Annex II of the Critical Raw Materials Act and covers 34 entries; some, such as "heavy rare earth elements", are groups. The EU reviews the list at least every three years.

Related: Critical Raw Materials Act, Strategic raw material (EU), Critical mineral

Critical Raw Materials Act

CRMALists, data & organisations

The EU law, Regulation (EU) 2024/1252, that lists critical and strategic raw materials and sets supply targets.

By 2030 the EU aims to mine at least 10%, process at least 40% and recycle at least 25% of its yearly use of strategic raw materials, and to get no more than 65% of any one of them from a single non-EU country.

Related: Critical raw material (EU), Strategic raw material (EU)

Source: EUR-Lex, Regulation (EU) 2024/1252 (Critical Raw Materials Act)

D

Dual-use

Trade & policy

Goods or technology that have both civilian and military uses, which is why they are often export-controlled.

Many critical minerals are dual-use: germanium for thermal-imaging lenses, tungsten for armour-piercing ammunition, rare earths for missile guidance. Governments list such items so exports need a licence.

Related: Export control, Export licence, Infrared optics

E

Electric vehicle

EVUses & technology

A vehicle powered by a battery and electric motor, a major new source of demand for battery and magnet metals.

An electric car needs far more lithium, nickel, cobalt, graphite and copper than a petrol car, plus rare earth magnets for most motors. EV sales are one of the main drivers of demand for critical minerals.

Related: Lithium-ion battery, Permanent magnet

Electrowinning

Processing

Recovering pure metal from a solution by passing an electric current through it.

In electrowinning, metal dissolved in a solution is plated out onto metal sheets (cathodes) by electricity. It is how much of the world's copper and cobalt cathode is made.

Where you’ll see this: 2 material pages

Related: Leaching, Electrolysis, Cathode

Enrichment

Processing

Raising the share of a useful isotope, such as uranium-235 for nuclear fuel.

Natural uranium is about 0.7% uranium-235; most reactors need about 3–5%. Enrichment capacity is held by very few countries, with Russia having a large share, which is why the uranium page treats it as a separate bottleneck from mining.

Where you’ll see this: 2 material pages

Related: Isotope, Supply concentration

Export ban

Trade & policy

A rule that stops a product from being exported at all, either everywhere or to certain countries.

A ban is the strictest form of export control. Bans are sometimes temporary and later replaced with quotas or licensing.

Example: The Democratic Republic of the Congo banned cobalt exports in February 2025 and replaced the ban with quotas from 16 October 2025.

Where you’ll see this: 2 material pages

Related: Export control, Quota

Export control

Trade & policy

A government rule that limits or requires permission for sending certain goods abroad.

Export controls can take the form of licences, bans, quotas or export taxes. Governments use them to protect national security, keep processing at home, or as leverage in trade disputes.

In practice, even a licensing system where most licences are eventually granted can delay shipments for weeks, so the risk tracker treats export controls as one of its five drivers. This site describes controls factually; it is not legal advice.

Example: Since 1 August 2023, China has required export licences for gallium and germanium.

See dated controls in the policy calendar →

Related: Export licence, Export ban, Quota, Dual-use, MOFCOM

Export licence

Trade & policy

Official permission a company must get before it can ship controlled goods out of a country.

Under a licensing system, exporters apply for each shipment or customer, often naming the end user and what the material will be used for. Approval can take weeks and can be refused, which creates uncertainty even when exports continue.

Related: Export control, Dual-use, MOFCOM

F

Feedstock

Mining & supply

The input material a plant processes to make its product.

Feedstock is whatever goes into a process. A refinery's feedstock might be concentrate, an intermediate or scrap; a battery-chemical plant's feedstock might be a lithium concentrate or a brine.

Plants are often designed for one kind of feedstock, so switching suppliers can mean expensive changes.

Related: Intermediate, Concentrate, Scrap

Ferroalloy

Metals, alloys & compounds

An alloy of iron with a large amount of another element, used to add that element to steel.

Steelmakers don't usually add pure chromium, vanadium or niobium. They add a ferroalloy, such as ferrochrome or ferrovanadium, because it is cheaper to make, melts into steel more easily and is easier to handle.

Ferroalloys are made mostly in submerged arc furnaces. Each has its own page in the encyclopedia, linked to its parent element.

Browse the ferroalloy pages →

Related: Alloy, Arc furnace, High-carbon and low-carbon grades, Master alloy

Ferromagnetic

Properties & units

Strongly attracted to magnets, and able to become a magnet itself, like iron, nickel and cobalt.

Only a few elements are ferromagnetic at room temperature. Cobalt keeps its magnetism to the highest temperature of any element, which is why it is used in high-temperature magnets.

Where you’ll see this: 1 material page

Related: Permanent magnet

G

A label for which industry a product is pure or clean enough for.

The same material is sold in different grades. Metallurgical grade is good enough for steel and alloys, chemical grade for making chemicals, and battery grade meets the strict limits on impurities that battery makers need.

Grades matter for supply: a country may produce plenty of a material, but not in the grade a buyer needs. In mining, "grade" can also mean how much metal the ore contains.

Where you’ll see this: 6 material pages

Related: Purity (4N, 5N…), Lithium-ion battery

H

Heavy rare earth elements

HREEMetals, alloys & compounds

The heavier, scarcer rare earths, such as dysprosium and terbium, plus yttrium.

Heavy rare earths are found in smaller amounts and in fewer deposits, many of them in southern China and Myanmar. Dysprosium and terbium are added to magnets so they keep working at high temperatures, for example in electric-vehicle motors.

Related: Rare earth elements, Light rare earth elements, Permanent magnet

High-carbon and low-carbon grades

Metals, alloys & compounds

Versions of a ferroalloy sorted by how much carbon they contain, which decides what steel they suit.

High-carbon ferrochrome is the cheaper bulk grade used for most stainless steel. Medium- and low-carbon grades take extra processing and are used where carbon would weaken the steel. The same split exists for ferromanganese.

Related: Ferroalloy, Stainless steel

A process that dissolves nickel and cobalt from laterite ore using acid at high temperature and pressure.

HPAL plants are expensive and technically difficult, but they let producers turn low-grade laterite ore into battery materials. Indonesia's rapid growth in nickel and cobalt output comes largely from new HPAL plants.

Where you’ll see this: 2 material pages

Related: Laterite, Mixed hydroxide precipitate, Leaching

HS code

HSTrade & policy

Also called: Harmonized System code, tariff code

A number that identifies a type of product in customs and trade statistics, used worldwide.

The Harmonized System is run by the World Customs Organization and used by around 200 countries. The first six digits are the same everywhere; countries add more digits for their own tariffs and statistics.

HS codes decide which tariff applies and which export rules cover a shipment, and they are how trade data is counted. Many critical minerals don't have a code of their own and share one with similar products, which is why some trade charts on this site are labelled "Combined".

Example: Cobalt metal and intermediates are under heading 8105; cobalt oxides and hydroxides are under 2822.

Related: Tariff, UN Comtrade, Export control

Source: World Customs Organization, What is the Harmonized System (HS)?

I

Intermediate

Mining & supply

Also called: intermediate product

A half-processed product: past the mine, but not yet the final metal or chemical.

Intermediates sit between the mine and the refinery. They are richer than concentrate but still need further processing.

They are traded across borders in large volumes, so they appear in trade data and are sometimes the target of export rules.

Example: Cobalt hydroxide from the DRC and mixed hydroxide precipitate (MHP) from Indonesia are the main cobalt intermediates.

Related: Concentrate, Refining, Mixed hydroxide precipitate, Feedstock

Isotope

Metals, alloys & compounds

A version of an element with a different number of neutrons, and so a slightly different weight.

Isotopes of the same element behave the same way chemically, but some are radioactive or useful in nuclear applications. Separating them is difficult and specialised.

Example: Uranium-235 is the isotope that fuels most nuclear reactors.

Related: Enrichment

K

Kroll process

Processing

The main way titanium and zirconium metal are made, by reacting their chloride with magnesium.

Titanium ore is first turned into titanium tetrachloride, which is then reacted with molten magnesium. The product is a porous metal called sponge. The process is slow and done in batches, which is a big reason titanium metal is costly to make.

Where you’ll see this: 1 material page

Related: Sponge, Chloride

L

Laterite

Mining & supply

A soil-like ore formed by tropical weathering, an important source of nickel and cobalt.

Laterites form near the surface in hot, wet climates such as Indonesia, the Philippines and New Caledonia. They are cheap to dig but harder to process than sulfide ores, which is why Indonesia has built large HPAL plants to treat them.

Where you’ll see this: 3 material pages

Related: High-pressure acid leach, Mixed hydroxide precipitate, Ore

LFP

Uses & technology

Also called: lithium iron phosphate

A battery cathode made of lithium iron phosphate, which uses no nickel or cobalt.

LFP batteries store less energy for their weight than NMC but are cheaper, safer and longer-lasting. They now power a large share of electric vehicles and most grid storage, which shifts demand away from nickel and cobalt.

Where you’ll see this: 2 material pages

Related: NMC / NCM, Cathode, Substitute

Light rare earth elements

LREEMetals, alloys & compounds

The lighter, more plentiful rare earths, such as lanthanum, cerium, neodymium and praseodymium.

Light rare earths make up most of a typical rare earth deposit. Neodymium and praseodymium are the most valuable of them because they are the main ingredients of permanent magnets. Exactly where the light–heavy split falls differs between sources.

Related: Rare earth elements, Heavy rare earth elements, Permanent magnet

Lithium-ion battery

Uses & technology

Also called: Li-ion

The rechargeable battery used in phones, laptops and electric vehicles.

A lithium-ion battery moves lithium back and forth between two electrodes: the cathode (often containing nickel, cobalt, manganese or iron phosphate) and the anode (usually graphite). Its rapid growth is behind most of the recent demand for lithium, cobalt, nickel and graphite.

Where you’ll see this: 6 material pages

Related: Cathode, Anode, NMC / NCM, LFP, Electric vehicle

M

Master alloy

Metals, alloys & compounds

A concentrated alloy used to add a small, precise amount of an element to a larger melt.

Some elements are hard to add on their own, because they melt at very different temperatures or react too easily. Mixing them first into a master alloy, such as aluminium-scandium or nickel-niobium, makes them much easier to use.

Related: Alloy, Ferroalloy

Mine production

Mining & supply

How much of a material is dug out of the ground in a year, counted by metal content.

Mine production measures the first step of the supply chain: the metal contained in the ore or concentrate a country mines. It is usually counted by metal content, not by the weight of rock.

It is different from refined production. A country can mine a lot and refine very little, or the other way round, so the encyclopedia shows both where data exists.

Example: On the cobalt page, the Democratic Republic of the Congo leads mine production, while China leads refining.

See cobalt's mine and refining charts →

Related: Refining, Reserves, Supply concentration

Mineral sands

Mining & supply

Also called: heavy mineral sands

Beach and dune sands rich in heavy minerals such as ilmenite, rutile, zircon and monazite.

Mineral sands are a key source of titanium (from ilmenite and rutile) and zirconium (from zircon). Monazite from the same sands contains rare earths, but also radioactive thorium, which makes it harder to process.

Related: Rare earth elements, Co-product

Mirror data

Lists, data & organisations

Trade figures for a country worked out from what its trading partners report, instead of its own records.

Some countries report trade late or not at all. Using what importers say they received fills those gaps. This site builds its trade charts from importer-reported data for that reason, so exporters that don't report, such as the DRC, still appear.

Related: UN Comtrade, CIF and FOB

MOFCOM

Lists, data & organisations

Also called: Ministry of Commerce of China

China's Ministry of Commerce, which announces and runs most of China's export controls.

MOFCOM issues the numbered announcements that start, change or suspend China's export controls, often together with the General Administration of Customs. Its notices are the primary source for many entries in the policy calendar.

See China's controls in the policy calendar →

Related: Export control, Export licence

N

Net import reliance

Lists, data & organisations

The share of a country's use of a material that it has to import, after counting its own production and exports.

The US Geological Survey publishes this figure for the United States each year. 100% means the country produces none itself and relies fully on imports. A figure of "E" means the country is a net exporter.

Example: The cobalt page shows US net import reliance of 79% in 2025.

Related: U.S. Geological Survey, Critical mineral, Stockpile

Source: U.S. Geological Survey, Mineral Commodity Summaries

NMC / NCM

Uses & technology

Also called: nickel manganese cobalt

A battery cathode made of nickel, manganese and cobalt, common in longer-range electric vehicles.

NMC (also written NCM) cathodes store a lot of energy for their weight. Versions with more nickel and less cobalt, such as NMC 811 (eight parts nickel, one manganese, one cobalt), have been taking share, which lowers cobalt use per battery.

Where you’ll see this: 3 material pages

Related: Cathode, LFP, Lithium-ion battery, Sulfate

O

Ore

Mining & supply

Rock that contains enough of a useful mineral to be worth digging up and processing.

Ore is the raw rock that comes out of a mine. Most of it is waste rock; the valuable part might be a few per cent, or even a few grams per tonne.

Whether rock counts as ore depends on more than chemistry. If the metal can't be recovered at a sensible cost with today's technology, the same rock is just rock.

Related: Concentrate, Mine production, Reserves, Tailings

P

Permanent magnet

Uses & technology

Also called: NdFeB magnet, rare earth magnet

A magnet that stays magnetic on its own; the strongest are made from neodymium, iron and boron (NdFeB).

NdFeB magnets are found in EV motors, wind turbines, speakers, hard drives and missiles. Dysprosium and terbium are added so they keep working when hot.

China makes the large majority of the world's rare earth magnets, and has placed export controls on some magnet materials and technology.

Related: Light rare earth elements, Heavy rare earth elements, Electric vehicle, Sintering

Platinum group metals

PGMMetals, alloys & compounds

Six closely related precious metals: platinum, palladium, rhodium, ruthenium, iridium and osmium.

PGMs are mined together, mainly in South Africa and Russia, so their supply is linked. Their biggest use is in catalytic converters that clean car exhaust, and they are increasingly used in hydrogen technology.

Where you’ll see this: 6 material pages

Related: Co-product, Catalyst

Purity (4N, 5N…)

Properties & units

Also called: high purity

How pure a metal is, often written as a count of nines: 4N means 99.99%.

Each "N" is a nine: 3N is 99.9%, 4N is 99.99%, 5N is 99.999%, and so on. Electronics and solar need very high purity, often 6N or more, while steelmaking accepts far less.

Making a higher-purity grade is often the real bottleneck: plenty of countries can produce a metal, but only a few can make it pure enough for chips.

Example: Semiconductor-grade gallium is usually 6N to 7N (99.9999% to 99.99999%).

Related: Grade (battery, metallurgical, chemical), Refining, Semiconductor

Q

R

Rare earth elements

REEMetals, alloys & compounds

Also called: rare earths

A family of 17 metals: the 15 lanthanides plus scandium and yttrium.

Despite the name, most rare earths aren't especially rare in the ground. They are hard to separate from each other, because they behave almost identically, and China dominates that separation step.

They are essential for permanent magnets, catalysts, phosphors and lasers. The encyclopedia has a page for each one.

Related: Light rare earth elements, Heavy rare earth elements, Permanent magnet, Oxide

Recycling

Mining & supply

Also called: secondary supply

Recovering metal from used products or factory waste instead of from new ore.

Supply from recycling is often called secondary supply, and supply from mines is primary supply. Some metals, such as aluminium, copper and lead, are recycled at large scale. Others, such as most rare earths and gallium, are barely recycled at all, because they are used in tiny amounts spread across many products.

Each encyclopedia page has a section on recycling and substitutes, because both affect how exposed buyers are to a supply shock.

Related: Scrap, Substitute, Tailings

Refining

Processing

Also called: refined production

Purifying a metal or chemical to the quality buyers need, after it has been mined.

Refining turns concentrates or rough metal into a product that factories can use: pure metal, a chemical such as lithium carbonate, or an oxide. It is often the hardest step to build, because it needs specialised plants, chemicals and know-how.

For many critical minerals, refining is more concentrated than mining. A material can be mined in a dozen countries but refined mostly in one, which is why the supply-risk tracker looks at whichever stage is most concentrated.

Example: Roughly four-fifths of the world's refined cobalt comes from China, even though most cobalt is mined in the Democratic Republic of the Congo.

Where you’ll see this: 38 material pages

Related: Smelting, Mine production, Supply concentration, Purity (4N, 5N…)

Refractory

Metals, alloys & compounds

Able to withstand very high heat; used for furnace linings and for metals with very high melting points.

Refractories are heat-proof bricks and linings used inside furnaces and kilns, made from materials such as magnesia, alumina, graphite and zircon.

The term "refractory metals" means tungsten, molybdenum, niobium, tantalum and rhenium, which all melt at extremely high temperatures.

Related: Superalloy, Melting point

Reserves

Mining & supply

The part of a known deposit that can be mined profitably with today's technology and rules.

Reserves are the most certain category of what's in the ground: the deposit has been measured, and mining it makes economic and legal sense right now.

Reserves change over time. They grow when new deposits are proven or technology improves, and shrink when they are mined out or rules change. They are not a measure of how much will ever exist.

Example: The cobalt page shows the DRC holding about half of the world's cobalt reserves.

Where you’ll see this: 36 material pages

Related: Resources, Ore, Mine production

Source: U.S. Geological Survey, Mineral Commodity Summaries

Resource nationalism

Trade & policy

A government taking more control or a bigger share of the value from minerals mined in its country.

It can mean higher royalties, state ownership, or rules that ore must be processed at home before export. Indonesia's ban on exporting raw nickel ore, which pushed companies to build smelters there, is a well-known example.

Related: Export ban, Export control

Resources

Mining & supply

Also called: mineral resources

All the material known or thought to be in the ground, whether or not it pays to mine it yet.

Resources are a wider and less certain figure than reserves. They include deposits that are too poor, too remote or too poorly explored to mine today but could be in future.

A country can have large resources and still produce little, because turning resources into a working mine takes years of studies, permits and investment.

Related: Reserves, Ore

S

Safeguard measure

Trade & policy

A temporary limit on imports, from all countries, to protect a local industry from a sudden surge.

Unlike anti-dumping duties, safeguards don't require proof of unfair trade, only that rising imports are seriously hurting local producers. They often take the form of a quota, with a tariff charged on imports above it.

Example: The EU applies a definitive safeguard measure to imports of certain ferroalloys.

Related: Tariff, Anti-dumping and countervailing duties, Ferroalloy

Sanctions

Trade & policy

Penalties that limit trade or payments with a country, company or person, usually for political reasons.

Sanctions can block imports from a producer, ban dealing with certain companies, or cut off access to banks. When a major producer is sanctioned, its material may still be sold, but only to some markets, which reshapes trade flows.

Where you’ll see this: 5 material pages

Related: Export control, Tariff

Scrap

Mining & supply

Used or leftover metal that is collected to be melted down and used again.

New scrap is the offcuts and rejects from factories; it is clean and easy to reuse. Old scrap comes from products at the end of their life, such as cars, cans or batteries, and needs more sorting.

Scrap has its own HS codes, so it shows up separately in trade data.

Where you’ll see this: 39 material pages

Related: Recycling, HS code

Section 232

Trade & policy

A US law that lets the President restrict imports that threaten national security.

Section 232 of the US Trade Expansion Act of 1962 starts with a Commerce Department investigation. It has been used for tariffs on steel and aluminium and for investigations into other critical minerals.

Where you’ll see this: 5 material pages

Related: Tariff, Critical mineral

Semiconductor

Uses & technology

A material that conducts electricity only under certain conditions; the basis of computer chips.

Silicon is the main semiconductor, but gallium (in gallium nitride and gallium arsenide), germanium and indium are used for fast, power-efficient and light-emitting chips. These metals are needed in very small amounts and at very high purity.

Related: Purity (4N, 5N…), Dopant, Photovoltaic

Slag

Processing

The glassy waste that separates from molten metal during smelting.

When ore is melted, the unwanted rock forms a separate liquid layer called slag, which floats on the metal and is poured off. Materials added to help it form, such as limestone or fluorspar, are called fluxes.

Some slags are valuable. Tin slags can contain tantalum and niobium, and steel slags are a possible source of vanadium.

Related: Smelting, By-product

Smelting

Processing

Heating ore or concentrate in a furnace until it melts, so the metal separates from the rest.

A smelter uses very high heat, and usually a chemical such as carbon, to pull metal out of its ore. The waste floats off as slag.

Smelting usually gives a rough metal that still needs refining. Smelters use a lot of energy, so they tend to be built where electricity is cheap and reliable.

Related: Refining, Arc furnace, Concentrate, Slag

Spodumene

Mining & supply

A hard-rock mineral that is the main source of lithium outside the South American salt flats.

Spodumene is mined from rock, mostly in Australia, then concentrated and usually shipped to China to be converted into lithium carbonate or hydroxide. Its concentrate is often described by its lithium oxide content, such as "SC6" for about 6% Li₂O.

Where you’ll see this: 2 material pages

Related: Brine, Concentrate, Hydroxide

Stainless steel

Metals, alloys & compounds

Steel with at least about 10.5% chromium, which forms a thin protective layer that stops rust.

Stainless steel is the biggest use of chromium and a major use of nickel and molybdenum. Most of its chromium comes from high-carbon ferrochrome.

Related: Ferroalloy, High-carbon and low-carbon grades, Corrosion resistance

Stockpile

Trade & policy

Also called: National Defense Stockpile

A store of a material held by a government or company as insurance against supply disruptions.

Governments keep strategic stockpiles so that defence and key industries can keep running during a crisis. The US National Defense Stockpile is managed by the Defense Logistics Agency. Japan, South Korea and China also hold stockpiles, and the EU is setting up joint stockpiling.

Related: Critical mineral, Net import reliance

Strategic raw material (EU)

Lists, data & organisations

An EU critical raw material that is also needed for green, digital, defence or space technology.

The 17 strategic raw materials are a subset of the EU critical list. The Critical Raw Materials Act sets targets for them and can speed up permits for projects that produce them.

Where you’ll see this: 29 material pages

Related: Critical Raw Materials Act, Critical raw material (EU)

Substitute

Mining & supply

Also called: substitution

A different material that can do the same job if the usual one becomes scarce.

A good substitute softens a supply shock: buyers can switch. For many critical minerals the substitutes are worse, more expensive or need products to be redesigned, which is part of what makes the material critical.

Substitution also works across technologies, as when battery makers use cathode chemistries that need less cobalt.

Example: Lithium iron phosphate (LFP) batteries avoid cobalt and nickel entirely.

Related: Recycling, End use, LFP

Superalloy

Metals, alloys & compounds

A nickel- or cobalt-based alloy that stays strong at extreme temperatures, used in jet engines.

Superalloys are used in jet-engine turbines, gas turbines for power plants and rocket engines. They rely on small amounts of critical minerals such as cobalt, rhenium, tantalum, niobium and hafnium, which are hard to replace.

Example: About half of US cobalt use goes into superalloys, mainly for aircraft engines.

Related: Alloy, Refractory

Superconductor

Uses & technology

A material that carries electricity with no resistance at all when cooled far enough.

Niobium–titanium and niobium–tin wires are used to make the powerful magnets in MRI scanners and particle accelerators.

Where you’ll see this: 4 material pages

Related: Alloy

Supply concentration

Mining & supply

How much of the world's supply comes from a single country or company.

When one country produces most of a material, any decision or disruption there affects buyers everywhere. Supply concentration is one of the five drivers in the risk tracker.

The tracker uses the largest single country's share at the most concentrated stage, mining or refining, whichever is higher.

See every material's rating →

Related: Supply-risk rating, Refining, Mine production, Export control

Supply-risk rating

Lists, data & organisations

This site's five-level rating, from Low to Critical, of how hard a material may be to get over the next year.

The rating looks at the near term, roughly 12 months: can a buyer outside China and outside the producing country get the material in the usual form, volume and lead time?

It combines five drivers: supply concentration, export controls, policy and tariffs, operational disruption, and demand shocks. Every change has a dated explanation with sources. It is not a price forecast or investment advice.

Open the risk tracker →

Related: Supply concentration, Export control, Tariff

T

Tailings

Mining & supply

The finely ground waste left over after the useful mineral has been taken out of ore.

Tailings are usually stored behind dams near the mine. Older tailings sometimes still contain useful metals that earlier technology couldn't recover, and some projects now reprocess them.

Where you’ll see this: 5 material pages

Related: Ore, Concentrate, Recycling

Tariff

Trade & policy

Also called: import duty

A tax charged on goods when they are imported.

Tariffs make imports from certain countries more expensive, to protect local producers or to put pressure on a trading partner. They are set by HS code, so the exact product classification matters.

Related: HS code, Anti-dumping and countervailing duties, Section 232, Safeguard measure

Tonne

Properties & units

Also called: metric ton

1,000 kilograms (about 2,205 pounds), the standard unit for mineral production and trade.

Production is usually given in tonnes of metal contained, while trade data counts the weight of the product shipped, such as lithium carbonate rather than the lithium in it. A US short ton is 2,000 lb (about 907 kg).

Related: Mine production, UN Comtrade

U

U.S. Geological Survey

USGSLists, data & organisations

The US government science agency that publishes the main yearly statistics on world mineral production.

Its yearly Mineral Commodity Summaries give production, reserves and US trade figures for about 90 materials, and it prepares the US critical minerals list. Many of the charts on this site come from it.

Where you’ll see this: 47 material pages

Related: Critical mineral, Net import reliance, Reserves

Source: U.S. Geological Survey, Mineral Commodity Summaries

Abbreviations

Short forms used across the site, and what they stand for.