The Index
400 dossiers · 1 need attention
A research screener for every company we cover. Search a name or ticker, then sort and triage dossiers by coverage freshness, our conviction and trading relevance.
Critical Materials· ARA.TO
The only Western "mine-to-magnet" pure-play levered specifically to HEAVY rare earths (Dy/Tb) — whose ex-China prices have ~doubled in 2026 (Dy ~US$930/kg, Tb ~US$4,028/kg) — via China's own low-cost ionic-clay geology; but it is a pre-revenue developer that has already re-rated ~5x to a ~CA$1.1B cap, owns a Chilean asset 99% of the local community voted against, faces MP Materials commissioning its own US HREE separation by mid-2026, and must fund a >US$1.5B integrated build off a ~US$40M cash balance with no binding offtake. Asymmetric optionality, not yet a position.
Critical Materials· AA
A genuinely deleveraged, vertically-integrated aluminum pure-play whose 2025-26 earnings recovery is being borrowed from a tariff — ~60% of US aluminum volume rides a Section-232-inflated Midwest premium that is a policy decision away from evaporating; own the cycle, not the multiple.