A briefing on the metals the century runs on. September 2026. Critical Minerals Marketplace. Singapore.

This is not an offer of securities. The banks named here are intended correspondents. Their letters are not yet signed.

There is a family of seventeen metals that sit inside the motor of an electric car, the generator of a wind turbine, and the magnet that must not fail when the heat rises. Neodymium. Praseodymium. Dysprosium. Terbium. And the rest of the rare earths, from the mine, to the separated oxide, to the metal.

Most of the Western tonnes are already promised, on long offtakes. What remains still moves the old way. A PDF. A message. A payment instruction. The London Metal Exchange does not list neodymium-praseodymium. The price reporters print a number. They do not hold the money, book the ship, or show you the tonne that can leave the warehouse this week.

Critical Minerals Marketplace is the clerk for that book. Not the mine. Not the ship. Not the other side of the trade.

The operating company is incorporated in Singapore. The desk works from Singapore. A ticket is written in English. The escrow deed is English law, for that company — the company that employs the officers and instructs the bank.

We match a buyer and a seller. We open escrow. We attach the ship. We send the instruction. We do not buy the kilogram. Client money sits in a segregated account, in the company's name, at a bank in Singapore. Two officers of the desk must sign before a dollar moves.

One ticket carries four facts.

The index. Shanghai Metals Market, Asian Metal, Argus, or Fastmarkets — nominated on the contract. Never a number invented by the house.

The tonne. Lot size. Specification. Incoterms. Assay. A floor on the ticket, so a thin corridor still pays for the work.

The availability. Ready tomorrow is not the same thing as a promise for 2028. Warehouse. Packing. Seal. A dual-use check before the bid is even live.

And the ship. Origin port to the discharge the buyer chose. The next vessel. The space. The cut-off. The carrier writes the manifest. Escrow reads it.

The book holds both ends of the chain. Mine feed: bastnasite, monazite, mixed carbonate. Plant output: separated oxides and metals. Same tape.

Release is not a button. A clean electronic bill of lading. An assay. Dual-use clearance. Then the bank moves the dollar. The house balance stays at zero.

The banks we intend to appoint are all booked in Singapore. DBS. Standard Chartered. HSBC. Citi. The letters are in the data room. They are not yet executed. There is no house wallet.

The screen you can click is not the ledger. The ledger is a state machine. One transaction per step. Decimals, never floats. Two officers. And a bank that holds the cash. Commercial papers live in one place. The payment file lives in another. Separate keys. Identity for the company. Identity for the people. A hardware key for the staff who release. Hosted in Singapore.

There are two ways to underwrite this, and they must not be mixed.

Path A. Operate the desk. A raise of twenty-four million US dollars. A board. A correspondent. An escrow deed. Named officers in Singapore. The fee is a clip on flow — matching, escrow, currency when it is needed, the shipping file — plus an annual seat. Go-live is a correspondent letter and those officers. Months, not a software deploy. On the base case, the desk breaks even in year three.

Path B. Build the stack and sell it. Two point four million US dollars. Sixteen weeks. A working rare-earth ticket a bank can inspect. No client money. The ceiling is a product sale, not a venue.

If this is a desk, bring the Chair first. A software raise will not hire the officer the banks require.

The site is criticalminerals.market. The desk is desk at criticalminerals.market.

Buy. Ship. Settle.