Executive Summary Switching from oil to renewable energy and electric vehicles does not get rid of resource dependency. It just changes what you depend on. Instead of relying on oil, countries end up relying on critical minerals such as lithium, rare earths, silver, polysilicon, and copper—and as China refines most of them, even minerals mined elsewhere often must go through China before they can be used. For … Continue reading
Author Archives: Frank LoGerfo
What Really Drove the M&A Rebound?
Executive Summary U.S. M&A transaction value rose roughly 50 percent year over year in 2025, with four mega-mergers above $40 billion versus none in 2024. This happened despite total deal count falling 4 percent. The surge was driven almost entirely by the top of the market: deals over $10 billion grew 120 percent, while those … Continue reading