Strategic metals for the energy transition
Tin, tungsten, gold, copper, lithium and rare earths.
Demand drivers
Electrification, data centres, energy storage and renewables all add demand for solder and tin chemicals.
Supply picture
Supply is concentrated in a few countries and few new mines are being built.
Mondo exposure
Razorback, Kangaroo Hills, Minter and two further projects
Demand drivers
Manufacturing, mining tools and defence demand.
Supply picture
Global supply is dominated by a single country, which makes new Western supply strategic.
Mondo exposure
Minter and Kangaroo Hills
Demand drivers
Investment and central-bank buying.
Supply picture
Large new discoveries are rare, and the gold industry needs new ounces to replace production.
Mondo exposure
Mount Rankin
Demand drivers
Grid expansion, electric vehicles, renewables and data centres all use more copper per unit than what they replace.
Supply picture
Ore grades at major mines are falling and new mines take many years to build.
Mondo exposure
Red Hill and Yongala
Demand drivers
Electric vehicles and energy storage.
Supply picture
Prices have been volatile as new supply came on line; long-term demand growth is widely expected.
Mondo exposure
Mount Rankin lithium anomaly
Demand drivers
Electric motors, wind energy and defence.
Supply picture
Processing is concentrated in one country, and governments are funding alternative supply chains.
Mondo exposure
Yongala
Metals the energy transition and defence supply chains need
Mondo focuses on commodities with structural demand growth, concentrated global supply and strong investor interest on the ASX. Australia has the geology, the infrastructure and the regulatory stability to be a reliable supplier of all of them.
Commodity commentary on this site is general and qualitative. It is not a forecast of prices or of Mondo's results.