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The map

Every qualified producer of the fifteen materials on the desk.

This is Phase 1, published as it is built rather than when it is finished. Each row asserts three things and no more: a company’s name, where it operates, and which step of the chain it occupies. There is no column for capacity, market share or revenue, because this firm has not sourced those numbers — and a table that implies otherwise is worse than an empty one.

A row marked “unverified lead” is exactly that: a research lead we believe is right and have not yet confirmed against a primary source. It is not a finding. When an analyst attaches the source, the row flips to “sourced” and the meter below moves. That meter is the honest measure of how far along this is.

Corrections are the reason this is public. If you work in one of these chains and a row is wrong, telling us makes the map better for everyone who reads it next.

Coverage

Producer rows confirmed against a primary source0%

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15 materials, 92 producer rows. Phase 1 completes when every row carries a source.

Materials

Fifteen chokepoints. The number beside each is how many producers are mapped.

High-purity tin, EUV droplet grade

Tin metal is not scarce; tin at seven nines, qualified for an EUV source, is. The chokepoint is the upgrading step, not the mine. Traded grade: 7N (99.99999%) tin, shot or ingot, certificate of analysis per lot. · Lithography & Optics

CompanyJurisdictionStep in the chainStatus
Yunnan TinCNRefineUnverified lead
MinsurPERefineUnverified lead
PT TimahIDRefineUnverified lead
Malaysia Smelting CorporationMYRefineUnverified lead
Indium CorporationUSConvertUnverified lead
5N PlusCA DEConvertUnverified lead
AurubisDERecycleUnverified lead

Neon, excimer laser grade

Neon is separated from air, but economically only alongside large-scale air separation attached to steelmaking — which is why an industrial gas map and a war map turned out to be the same map in 2022. Traded grade: ≥99.999% neon, cylinder or ISO container, blended mixes to order. · Lithography & Optics

CompanyJurisdictionStep in the chainStatus
LindeGB US DERefineUnverified lead
Air LiquideFRRefineUnverified lead
MesserDERefineUnverified lead
IceblickUARefineUnverified lead
Cryoin EngineeringUARefineUnverified lead
Baosteel GasesCNRefineUnverified lead

Ruthenium, sputtering and ALD grade

Ruthenium is a by-product of PGM mining, so supply is set by platinum and palladium economics rather than by demand for ruthenium. Refining and target fabrication are separately concentrated. Traded grade: 4N ruthenium, targets or precursor feed, PGM-refiner traceable. · Lithography & Optics

CompanyJurisdictionStep in the chainStatus
Sibanye-StillwaterZAMine / extractUnverified lead
Impala PlatinumZAMine / extractUnverified lead
NornickelRUMine / extractUnverified lead
HeraeusDERefineUnverified lead
Johnson MattheyGBRefineUnverified lead
UmicoreBERefineUnverified lead
Furuya MetalJPConvertUnverified lead
Tanaka KikinzokuJPConvertUnverified lead

Electronic-grade polysilicon

Solar-grade polysilicon has many producers; electronic-grade has very few, and the gap between the two is measured in orders of magnitude of impurity, not in price. Traded grade: 11N (99.999999999%) polysilicon chunk or rod, Siemens process. · Semiconductor Feedstock

CompanyJurisdictionStep in the chainStatus
Wacker ChemieDE USRefineUnverified lead
Hemlock SemiconductorUSRefineUnverified lead
TokuyamaJP MYRefineUnverified lead
OCIKR MYRefineUnverified lead
Mitsubishi MaterialsJPRefineUnverified lead
REC SiliconUS NORefineUnverified lead

300 mm prime silicon wafers

Five firms supply essentially all prime 300 mm wafer capacity. Qualification at a leading-edge fab takes years, so the barrier is certification history rather than capital. Traded grade: Prime polished 300 mm, p-type or n-type, epi to specification. · Semiconductor Feedstock

CompanyJurisdictionStep in the chainStatus
Shin-Etsu HandotaiJPConvertUnverified lead
SUMCOJPConvertUnverified lead
GlobalWafersTWConvertUnverified lead
SiltronicDEConvertUnverified lead
SK SiltronKRConvertUnverified lead

Crucible-grade high-purity quartz sand

The clearest single point of failure in the entire chain: inner-layer crucible quartz comes, in practice, from a very small number of deposits, and every Czochralski puller on earth needs it. Traded grade: Inner-layer crucible grade, ≤ 20 ppm total impurities. · Semiconductor Feedstock

CompanyJurisdictionStep in the chainStatus
The Quartz CorpNO USMine / extractUnverified lead
SibelcoBE USMine / extractUnverified lead
Russian QuartzRUMine / extractUnverified lead
Jiangsu Pacific QuartzCNRefineUnverified lead
Momentive TechnologiesUSConvertUnverified lead
Shin-Etsu QuartzJPConvertUnverified lead
FerrotecJP CNConvertUnverified lead

Gallium, refined

A by-product of alumina refining, so primary supply cannot respond to price. Concentrated in one jurisdiction and under export control since 2023 — the textbook case for why the map matters. Traded grade: 4N–7N gallium metal. Export-licence and end-use documentation required. · Semiconductor Feedstock

CompanyJurisdictionStep in the chainStatus
ChinalcoCNRefineUnverified lead
East Hope GroupCNRefineUnverified lead
Zhuhai FangyuanCNRefineUnverified lead
Rio TintoCARefineUnverified lead
NyrstarAURefineUnverified lead
5N PlusCAConvertUnverified lead

CVD synthetic diamond heat spreader

Reactor time, not raw material, is the constraint. Growing optical-grade polycrystalline diamond is slow, and the qualified capacity is held by a handful of firms. Traded grade: Polycrystalline CVD diamond, 10 × 10 mm, metallised to specification. · Thermal & Packaging

CompanyJurisdictionStep in the chainStatus
Element SixGB IEConvertUnverified lead
CoherentUSConvertUnverified lead
Diamond MaterialsDEConvertUnverified lead
Applied DiamondUSConvertUnverified lead
Sumitomo ElectricJPConvertUnverified lead

Silicon carbide substrate, 200 mm semi-insulating

The 150 mm to 200 mm transition resets everyone’s yield curve at once. Semi-insulating grade is a much smaller field than conductive SiC, and defect density is the gate. Traded grade: 200 mm semi-insulating 4H-SiC, micropipe density to specification. · Thermal & Packaging

CompanyJurisdictionStep in the chainStatus
WolfspeedUSConvertUnverified lead
CoherentUSConvertUnverified lead
SK Siltron CSSKR USConvertUnverified lead
ResonacJPConvertUnverified lead
SICCCNConvertUnverified lead
TankeBlueCNConvertUnverified lead

Two-phase dielectric immersion coolant

A chokepoint created by regulation rather than geology: PFAS restriction is withdrawing the incumbent fluorinated chemistry precisely as immersion cooling starts to scale. Traded grade: Engineered fluid, boiling point matched to the target die temperature. · Thermal & Packaging

CompanyJurisdictionStep in the chainStatus
3MUSRefineUnverified lead
ChemoursUSRefineUnverified lead
SyensqoBERefineUnverified lead
AGCJPRefineUnverified lead
Engineered FluidsUSConvertUnverified lead

Grain-oriented electrical steel (GOES)

The binding constraint on datacentre energisation. Large power transformers queue for years, and the core steel behind them is made on a small number of qualified lines. Traded grade: M3-class grain-oriented silicon steel, coil, coated. · Power, Grid & Superconductors

CompanyJurisdictionStep in the chainStatus
Nippon SteelJPConvertUnverified lead
JFE SteelJPConvertUnverified lead
POSCOKRConvertUnverified lead
ThyssenKrupp Electrical SteelDEConvertUnverified lead
Cleveland-CliffsUSConvertUnverified lead
BaosteelCNConvertUnverified lead
StalproduktPLConvertUnverified lead

REBCO superconducting tape, 12 mm

A single high-field fusion magnet consumes tape by the kilometre. Annual world output is small enough that one programme’s order book moves the whole market. Traded grade: 12 mm REBCO tape, critical current specified at 77 K, self-field. · Power, Grid & Superconductors

CompanyJurisdictionStep in the chainStatus
FujikuraJPConvertUnverified lead
Faraday Factory JapanJPConvertUnverified lead
SuperPowerUSConvertUnverified lead
MetOxUSConvertUnverified lead
THEVADEConvertUnverified lead
Shanghai SuperconductorCNConvertUnverified lead
AMSCUSConvertUnverified lead

Liquid helium (He-4)

Helium is produced only as a by-product of a few natural gas fields with unusual composition, so supply is set by unrelated gas economics and by a handful of political jurisdictions. Traded grade: 5N liquid helium, dewar or ISO container, boil-off terms per contract. · Power, Grid & Superconductors

CompanyJurisdictionStep in the chainStatus
QatarEnergyQAMine / extractUnverified lead
ExxonMobilUSMine / extractUnverified lead
GazpromRUMine / extractUnverified lead
Air ProductsUSRefineUnverified lead
LindeUS GBRefineUnverified lead
Air LiquideFRRefineUnverified lead

Didymium (Nd-Pr) metal, magnet feed

Mining is diversifying; separation and metal-making have not. The chokepoint moved downstream of the mine, which is where most published coverage still is not looking. Traded grade: Nd-Pr metal ingot, 75/25 nominal, ≥99% RE. · Actuation & Robotics

CompanyJurisdictionStep in the chainStatus
China Northern Rare EarthCNRefineUnverified lead
Shenghe ResourcesCNRefineUnverified lead
Lynas Rare EarthsAU MYRefineUnverified lead
MP MaterialsUSMine / extractUnverified lead
Neo Performance MaterialsCA EEConvertUnverified lead
SolvayFRRefineUnverified lead

Dysprosium metal

Heavy rare earths are a far narrower chain than light ones, feedstock included. Small volumes, no substitute for hot-running magnets, and separation concentrated in effectively one jurisdiction. Traded grade: ≥99% dysprosium metal. Export-licence and end-use documentation required. · Actuation & Robotics

CompanyJurisdictionStep in the chainStatus
China Rare Earth GroupCNRefineUnverified lead
Shenghe ResourcesCNRefineUnverified lead
Lynas Rare EarthsAU MYRefineUnverified lead
Neo Performance MaterialsCA EEConvertUnverified lead
Less Common MetalsGBConvertUnverified lead

Substrata publishes research. It does not trade, broker or quote, holds no position in anything it covers, and nothing here is an offer or investment advice. Rows marked unverified are research leads, not findings.

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