Director, Head of Research, Smartkarma

Pranav Rao

Director, Head of Research

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Event-Driven

<ul>
<li>Welcome to Curator’s Cut, a fortnightly roundup of standout themes from the 1,000+ Insights published over the past two weeks on Smartkarma</li>
<li>In this cut, we review the global focus on critical minerals, how ASEAN's digital economy can grow amidst political uncertainty, and how IT services have fared with AI</li>
<li>Want to dig deeper? Comment or message with the themes you’d like to see highlighted next</li>
</ul>


Welcome to Curator’s Cut, a fortnightly roundup of standout themes from the 1,000+ Insights published over the past two weeks on Smartkarma
In this cut, we review the global focus on critical minerals, how ASEAN's digital economy can grow amidst political uncertainty, and how IT services have fared with AI
Want to dig deeper? Comment or message with the themes you’d like to see highlighted next


Curator's Cut: Critical Minerals' Rise, SEA's Digital Promise & IT Services in Flux

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Thematic (Sector/Industry)

<ul>
<li>China's April 2025 licensing regime on seven heavy rare earths gave Beijing per-shipment veto power over the global magnet supply chain, with zero approved Indian import requests by mid-2025.</li>
<li>Rare earth magnets underpin every EV motor, wind turbine, and defense platform. China controls 94% of global magnet production, and its expansion plans alone dwarf the entire Western build-out.</li>
<li>India's Rs 7,280 crore magnet scheme RFP closes May 28, 2026. The pre-bid conference on April 7 will surface who is credibly bidding, potentially creating India's first listed rare earth.</li>
</ul>


China's April 2025 licensing regime on seven heavy rare earths gave Beijing per-shipment veto power over the global magnet supply chain, with zero approved Indian import requests by mid-2025.
Rare earth magnets underpin every EV motor, wind turbine, and defense platform. China controls 94% of global magnet production, and its expansion plans alone dwarf the entire Western build-out.
India's Rs 7,280 crore magnet scheme RFP closes May 28, 2026. The pre-bid conference on April 7 will surface who is credibly bidding, potentially creating India's first listed rare earth.


The Magnet Wars: China's Rare Earth Chokehold and India's Decade-Long Catch-Up

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Australian Strategic Materials / Event-Driven

<ul>
<li>The <a href="https://www.smartkarma.com/entities/australian-strategic-materials" target="_blank" data-smartkarma-citation="entities:30815:1" rel="noopener">Australian Strategic Materials (ASM AU)</a> IE considers <a href="https://www.smartkarma.com/entities/energy-fuels-inc" target="_blank" data-smartkarma-citation="entities:12230:1" rel="noopener">Energy Fuels (UUUU US)</a>’ offer (A$0.13 cash and 0.053 UUUU shares per ASM share) fair and reasonable.</li>
<li>FIRB approval was received on 23 April. The key condition is ASM shareholder approval: approval by more than 75% of votes cast and by more than 50% of shareholders.</li>
<li>Helped by the large takeover premium, the scheme vote is low risk. At the last close and for a 7 July payment, the gross/annualised spread was 2.7%/20.0%.</li>
</ul>


The Australian Strategic Materials (ASM AU) IE considers Energy Fuels (UUUU US)’ offer (A$0.13 cash and 0.053 UUUU shares per ASM share) fair and reasonable.
FIRB approval was received on 23 April. The key condition is ASM shareholder approval: approval by more than 75% of votes cast and by more than 50% of shareholders.
Helped by the large takeover premium, the scheme vote is low risk. At the last close and for a 7 July payment, the gross/annualised spread was 2.7%/20.0%.


Australian Strategic Materials (ASM AU): Scheme Vote on 22 June

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

<ul>
<li>Last week, rare-earth play <strong><a href="https://www.smartkarma.com/entities/lynas-corp-ltd" target="_blank" data-smartkarma-citation="entities:20374:1" rel="noopener">Lynas Corp Ltd (LYC AU)</a></strong> squared away a fully underwritten A$750mn placement (56.6mn shares, 6.1% of shares outstanding) at A$13.25/share, a 10% discount to last close. </li>
<li>Gina Rinehart, Lynas' second largest shareholders with ~8.2%, took up her compliment. </li>
<li>Placement proceeds will be applied to streamlining ops, expanding its stockpiles/capacity, and investing downstream into magnet makers.</li>
</ul>


Last week, rare-earth play Lynas Corp Ltd (LYC AU) squared away a fully underwritten A$750mn placement (56.6mn shares, 6.1% of shares outstanding) at A$13.25/share, a 10% discount to last close. 
Gina Rinehart, Lynas' second largest shareholders with ~8.2%, took up her compliment. 
Placement proceeds will be applied to streamlining ops, expanding its stockpiles/capacity, and investing downstream into magnet makers.


Lynas (LYC AU) Targets Vertical Expansion

Canada

Neo Performance Materials Inc. supplies advanced materials used in a wide range of technology applications. The Company engages in production, processing, and development of rare earth and zirconium-based engineered materials, as well as rare metals including gallium, indium, rhenium, tantalum, and niobium. Neo Performance Materials operates in Canada.

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Neo Performance Materials (NEO CN)

Curator's Cut: Critical Minerals' Rise, SEA's Digital Promise & IT Services in Flux

In this cut, we review the global focus on critical minerals, how ASEAN's digital economy can grow amidst political uncertainty, and how IT...

Pranav Rao

The Magnet Wars: China's Rare Earth Chokehold and India's Decade-Long Catch-Up

China's licensing regime on rare earths gives Beijing control over global magnet supply chain, with India's magnet scheme aiming to create...

Nimish Maheshwari

Australian Strategic Materials (ASM AU): Scheme Vote on 22 June

Helped by the large takeover premium, the scheme vote is low risk. At the last close and for a 7 July payment, the gross/annualised spread was 2.7%...

Arun George

Lynas (LYC AU) Targets Vertical Expansion

Lynas is up massively over the past year, and especially recently. Yet as the no 1 rare-earth play outside China - and now very cashed up - it's a...

David Blennerhassett

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Curator's Cut: Critical Minerals' Rise, SEA's Digital Promise & IT Services in Flux

In this cut, we review the global focus on critical minerals, how ASEAN's digital economy can grow amidst political uncertainty, and how IT...

Pranav Rao

The Magnet Wars: China's Rare Earth Chokehold and India's Decade-Long Catch-Up

​China's licensing regime on rare earths gives Beijing control over global magnet supply chain, with India's magnet scheme aiming to create...

Nimish Maheshwari

Australian Strategic Materials (ASM AU): Scheme Vote on 22 June

Helped by the large takeover premium, the scheme vote is low risk. At the last close and for a 7 July payment, the gross/annualised spread was 2.7%...

Arun George

Lynas (LYC AU) Targets Vertical Expansion

Lynas is up massively over the past year, and especially recently. Yet as the no 1 rare-earth play outside China - and now very cashed up - it's a...

David Blennerhassett

China's licensing regime on rare earths gives Beijing control over global magnet supply chain, with India's magnet scheme aiming to create...