Demand-Floor Stack
Stacked annual demand across four domains, 2022 → 2030. Red ceiling = illustrative qualified-supplier capacity (NdFeB neck).
100 75 50 25 0 indexed demand units 2022 2023 2024 2025 2026 ← 2027 2028 2029 2030 qualified-supplier ceiling NdFeB neck (illustrative) commercial AI defense floor energy transition quantum-NatSec layers compound on different clocks
Sources: USGS Mineral Commodity Summaries 2025; IEA Critical Minerals Review 2025; DOE LPO portfolio reports; SEMI World Fab Forecast Q1 2026; Adamas Intelligence Q1 2026 quarterly tracker.
Three Forces, One Periodic Table · ForcedAlpha · forcedalpha.com