The U.S. and Japan Accelerate the Race for Critical Raw Materials - TRADIUM Market Report Q1/2026

Government interventions and geopolitical tensions are shaping raw material markets at the start of 2026 more than they have in years. The TRADIUM Q1/2026 Market Report examines how these developments are intensifying and assesses their impact on global supply chains and pricing.

The first quarter of 2026 has made it clear that competition for critical raw materials has become a new geopolitical norm. Export controls, strategic reserves, and international conflicts are increasingly influencing market dynamics. While Western nations reorganise their supply security, China continues to leverage its dominant position in the market. Prepared in collaboration with Rawmaterials.net, the report contextualises these trends and explains why political decisions have become a lasting structural feature of global raw material markets.

Key Focus Areas:

• Rare Earths & Technology Metals: Export restrictions and geopolitical frictions, particularly between China and Japan, are tightening supply. The report analyses how these developments are affecting availability, pricing, and international supply chains.
• Precious Metals in a Volatile Environment: Despite occasional corrections, market conditions remain favourable. Gold, silver, and platinum continue to benefit from geopolitical risks and macroeconomic uncertainty, while exhibiting price volatility. The report examines the evolving role of precious metals as hedging instruments and safe-haven assets in an increasingly uncertain global landscape.
• Politics as a Market Driver: Government interventions, strategic reserves, and international disputes are playing a growing role in shaping supply, demand, and pricing. The report summarises key policy decisions and their immediate implications for the raw materials market.