Background Shape

Measuring Progress on Critical Mineral Value chains

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Future Minerals Barometer Report

Pillars of Success

The Future Minerals Barometer Framework measures progress on value chain creation across key enablers and priority mineral corridors, while evaluating risk, resilience, market signals, and areas for action..

Enablers

Enablers

what makes mineral supply growth possible?

Corridors

Corridors

where opportunity is taking shape!

Risk & Resilience

Risk & Resilience

what threatens or strengthens supply systems?

Market Signals

Market Signals

what prices, spending, and sentiment are telling us?

Progress Tracking

Progress Tracking

how we measure year-on-year progress.

What's shaping the Global Critical Minerals Landscape in 2025

Discover FMF
05

Structural forces

are reshaping the global critical minerals sector, from supply chain localization to increased goverment intervention.

65%

Single-country dependency

persists across key mineral supply chains, posing significant strategic risks.

45%

Of global refined EV materials

remain concentrated in China, underscoring the urgency for supply chain diversification.

20%

Annual growth expected

in critical mineral production to meet the surging global demand for clean energy technologies.

H.E. Eng. Khalid Al-Mudaifer

The Future Minerals Barometer is a landmark document for the minerals industry - highlighting key trends, stakeholder sentiment, and progress on critical mineral supply.

H.E. Eng. Khalid Al-Mudaifer

Vice Minister for Mining Affairs
Ministry of Industry and Mineral Resources

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Critical minerals
have become
strategic assets

In 2025, critical minerals sit at the intersection of energy security, economic growth, and geopolitics. Demand is accelerating rapidly - driven by electrification, digital infrastructure, and defence - while supply chains remain concentrated and vulnerable.

The Barometer reveals a growing mismatch between rising demand and system readiness. Investment is increasing, but unevenly. Infrastructure skills, and regulatory.

Critical Minerals

Policy & Regulation

The stability, clarity, and consistency of policies that enable long-term investment and development.

The stability, clarity, and consistency of policies that enable long-term investment and development.

A holistic way to measure readiness, beyond production

Readiness for critical minerals goes beyond output. The Barometer assesses the conditions needed to build resilient, sustainable value chains, from policy and capital to infrastructure, talent, technology, and long-term stewardship.

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Perspectives from global mining and minerals leaders

Bob Wilt

Technology and productivity gains will determine long-term competitiveness

Bob Wilt

Chief Executive Officer | Maaden

Maximo Pacheco

Capital alone is not enough, policy certainty and enabling infrastructure are critical

Dominic Barton

Chairman | Rio Tinto

Dominic Barton

Supply chains must diversify, concentration risk is no longer sustainable

Maximo Pacheco

Chair | Codelco

Duncan Wanblad

Technology and productivity gains will determine long-term competitiveness

Duncan Wanblad

Chief Executive Officer | Anglo American

Robert Friedland

Technology and productivity gains will determine long-term competitiveness

Robert Friedland

Ivanhoe Mines Founder and Executive Co-Chairman

Bob Wilt

Technology and productivity gains will determine long-term competitiveness

Gustavo Pimenta

Chief Executive Officer | Vale

From measurement to momentum

The Barometer establishes a global baseline for critical mineral value chains. The focus now shifts to action, translating insight into coordinated investment, policy alignment, and long-term resilience across the minerals ecosystem.

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Diversify Supply Chains

Reduce concentration risk across critical mineral supply networks

Mobilize Capital

Unlock innovative financing models for long-term development

Scale Sustainable Production

Enable responsible growth in new and emerging regions

Collaborate Across Borders

Align governments, industry, and investors on a global scale

Track Progress

Use Barometer as a year-on-year benchmark for readiness