Players/The Physical Substrate

Critical Minerals — The Big Three Own the Earth

Phase IV — Material Foundation

Rare Earths: China controls 60% mining, 90% processing. MP Materials (Mountain Pass, CA) = sole significant US source.

Also in The Physical Substrate

DOE 17 National Labs — The Weapons-to-AI PipelinePhase I — The Hidden Infrastructure (1942-Present)SMR Nuclear Renaissance — 15+ GW Hyperscaler BuildoutPhase II — The Energy Architecture (2025-2040)The Hardware Oligopoly — Nvidia / TSMC / ASMLPhase III — Three Chokepoints Outside US BordersPhoenix Vulnerability — The Fragile SubstratePhase V — What Breaks at 2040
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