BMO Equity Research Metal Matters
Metal Matters: Dissecting the Investment Case for Critical Minerals ( 39 min)
Helen Amos is joined by George Heppel and Max Yerrill to discuss the rise of critical minerals as an investment theme. They explore how geopolitical tensions, supply chain security concerns, and government policy have accelerated investor interest in commodities such as rare earths, tungsten, graphite, and antimony. The team discusses the emergence of 'national champions' following recent U.S. government funding announcements, how policy support is reshaping company valuations, and why developing domestic critical minerals supply chains remains a long-term challenge. They also highlight key catalysts to watch, including U.S.-China trade relations, export restrictions, and the next wave of government support for the sector. Click here for transcript. BMO clients can view our reports: Rare Earths: Trade Discussions Creating a Long-Term Opportunity Critical Minerals: After Rare Earths, What’s Next on the USA’s Wishlist? Rare Earths: 2026, The Year of Execution Critical Minerals: Mapping the USA’s Potential Investment Landscape To access our full disclosures, please visit: https://research.bmo.com/public/disclosures
