Over 50 traders control billions in critical mineral flows with no public exchange. REEx reveals who shapes supply, pricing, and project finance behind
Company Profile
Sovereign Metals
About Sovereign Metals
Sovereign Metals Limited is an Australian critical-minerals development company headquartered in Perth, Western Australia, dual-listed on the Australian Securities Exchange (ASX: SVM) and London’s AIM (SVML), with an OTCQX listing (SVMLF). The company is advancing the Kasiya Rutile-Graphite Project in Malawi, discovered in 2019 and recognised as the world’s largest known natural rutile deposit and second-largest known flake graphite deposit, and one of only eleven Tier 1 mining projects discovered in the last decade. While Kasiya’s primary products are natural rutile (a titanium feedstock) and natural flake graphite rather than rare earths, the project is a cornerstone critical-minerals asset for titanium and battery supply chains, designed for an initial 25-year mine life producing roughly 222,000 tonnes of rutile and 275,000 tonnes of graphite annually. Global mining major Rio Tinto holds a strategic ~19.9% stake acquired for A$60 million and provides technical support, and a definitive feasibility study has confirmed the project’s scale and economics.
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Recent Articles
In H1 2026, major traders like Traxys, Mercuria, and Sojitz reshaped rare earth supply chains through offtakes, reserves, and state-backed deals amid
Sovereign Metals' Kasiya project reveals high dysprosium, terbium, and yttrium in monazite by-product, potentially transforming a titanium project into a
Sovereign Metals' Kasiya project in Malawi shows rare high-grade heavy rare earths, but radioactivity, separation, and commercialization hurdles remain
Critical minerals pipeline updates from Malawi, Alaska, and Brazil show discovery rising but capital selective on rare earth projects.