巴克莱：关键原材料_强化供应链的三大策略

Equity Research Thematic Investing 3 July 2025 Thematic Investing Critical Raw Materials: Three strategies to strengthen supply chains Although China is the key player in CRM mining and refining, we see Europe and the US adopting initiatives to strengthen domestic CRM chains. We update our company landscape to highlight c.60 listed companies exposed to CRM substitution, exploration and/or recycling. Demand for critical minerals is being driven by more than the green transition. Powering AI (Global trade: Mi ...