tungsten
2 articles
- Equity Is the Collateral That Makes Critical-Mineral Offtakes Enforceable
China’s tungsten export controls expose the limits of price-only offtakes. Equity aligns capital with construction risk, secures priority under provenance rules, and adds governance rights that make long-term supply commitments more enforceable.
- India’s Semiconductor Tooling Cluster Extends Global OEM Supply Chains
Applied Materials’ $5 billion and Lam Research’s ₹10,000 crore India commitments establish a second manufacturing geography for global equipment OEMs. Engineering, qualification, and proprietary materials capture most of the economic rent, while dependence on Chinese-processed inputs remains the primary constraint on supply-chain resilience.