Insights

For years, critical minerals have been surrounded by hype but delivered limited investable opportunities due to narrow markets, Chinese dominance, and pricing risks. That dynamic shifted dramatically in July 2025 with the US Department of Defense’s landmark public-private partnership with MP Materials. This insights piece explores the deal’s structure, why it represents a reset for the sector, and how GERAF is now actively evaluating similar opportunities under our Investment

The Fraser Institute’s Annual Survey of Mining Companies 2024 (released July 2025) serves as a leading barometer of global mining investment attractiveness. While top-tier jurisdictions in the US, Canada, and Europe strengthen their appeal, Australia has seen a sharp and broad-based decline across every state and territory — with several now ranking in the global bottom quartile. This insights piece examines the survey’s key findings, the growing role of policy and geopolitic