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1 critical material scored · binding chokepoint: Fluorspar (🇨🇳 CN 60% of mining)
A verification pass re-checked this dossier's ownership/corporate-structure fields against their cited sources. It did not re-read the material_exposures claim the score, band and stress figures below are built on — treat those as not yet independently re-checked.
The binding exposure is Fluorspar — 🇨🇳 CN controls 60% of global mining. On this company's production footprint that scores 44/100 (neutral exposure; global 45). The register holds no restrictive government measures tracked for these materials — an absence of filings, not a finding that none exist.
Peer rank · Fluorspar Georg Fischer AG is the 21st-most-exposed of the 26 named companies we track on 🇨🇳 CN's Fluorspar chokepoint; the most-exposed is Solvay SA (52/100). Ranked on the same footprint-adjusted buyer score as above — a relative read of an existing metric, not a new one.
Georg Fischer AG ranks 263rd of 280 verified industrial companies, tied with 1 other at 44.
Same sector_primary, ranked on the company supply-risk index. Restricted to hand-verified dossiers — 59 further industrial companies are tracked but auto-onboarded, and excluded here because their exposure list is a sector template rather than company research. A peer scoring lower is the useful read: it usually means a different production geography or a qualified second source.
Company supply-risk index 44/100 — the binding chokepoint dominates, with a modest add for exposure breadth across 1 scored material. Buyer-relative (first-order): weighted by where the company produces (CH 17% · TR 17% · CN 17% · ID 17% · MY 17% · US 17%, estimated split — no cited source states these exact shares), applied across all materials — it does not yet trace each input to its specific sourcing step.
Georg Fischer AG (GF, founded 1802, Schaffhausen, Switzerland) was historically an industrial conglomerate spanning three divisions, but has since divested two of them and is now a pure-play flow-solutions company:
mold-making and aerospace, plus graphite/copper-tungsten electrode consumables) was sold to United Grinding Group for CHF 630m; the deal closed 30 June 2025 and the combined business now trades as United Machining Solutions — a separate company, no longer part of GF.
structural components) had its automotive business sold to Nemak S.A.B. de C.V. of Mexico (EV ~USD 336m); the deal closed 12 February 2026.
What remains is GF Piping Systems, rebranded "GF Industry and Infrastructure Flow Solutions" (gfps.com), which makes thermoplastic (PVC, PP, PVDF) and metal piping systems, fittings and valves for semiconductor fabs, chemical processing, and water/wastewater utilities. GF's own Feb 2026 release describes the completed transformation as making GF "a pure-play Flow Solutions company." Still listed on SIX Swiss Exchange (GF.SW / GFIN); no evidence found of a legal name or ticker change alongside the restructuring.
This dossier previously described the pre-divestment three-division company (material_exposures and production_footprint were built from GF Casting Solutions and GF Machining Solutions site/product data). Both divestments closed before this dossier's own published date (2026-06-02), so the prior version was already stale at the point it was written, not just by drift since. Rebuilt below from GF Piping Systems' own product and site information only.
ECTFE variants) is PVDF (polyvinylidene fluoride), a fluoropolymer whose monomer (VDF) is synthesised from hydrofluoric acid, which is itself made from fluorspar (CaF2 + H2SO4 → HF). Over 90% of acid-grade fluorspar globally is consumed in HF production, and China dominates both fluorspar mining and HF production/export — a supply-chain fact upstream of GF's own fluoropolymer piping products, not a claim about GF's raw-material sourcing directly (GF buys finished PVDF resin, not fluorspar itself).
1. Georg Fischer AG Annual Report 2024 (pre-divestment; geography/employee figures in it now describe a business GF no longer fully owns) — https://www.georgfischer.com/content/dam/commonassets/corp/documents/reports/annual-report/annual-report-2024/en/annual-report-2024-full-version-en.pdf 2. White & Case — GF sale of Machining Solutions Division for over CHF 600m — https://www.whitecase.com/news/press-release/white-case-advises-georg-fischer-sale-machining-solutions-division-over-chf-600 3. United Grinding Group / GF Machining Solutions become United Machining Solutions — https://www.grinding.com/en/news-media/media-library/news/details/news/united-grinding-group-and-gf-machining-solutions-become-united-machining-solutions/ 4. White & Case — GF US$336m sale of GF Casting Solutions automotive business to Nemak — https://www.whitecase.com/news/press-release/white-case-advises-georg-fischer-us336-million-sale-automotive-division 5. Nemak — acquisition of GF Casting Solutions' automotive business — https://www.nemak.com/blog/news-3/nemak-acquire-gf-casting-solutions-automotive-business-6 6. GF Industry and Infrastructure Flow Solutions — production sites — https://www.gfps.com/com/en/about-us/locations-contact/production-sites.html 7. GF Piping Systems — SYGEF PVDF product range — https://www.gfps.com/en-us/products-solutions/innovation/sygef.html 8. Elitefluor — fluorspar → hydrofluoric acid → fluoropolymer (incl. PVDF) supply chain — https://elitefluor.com/en/from-fluorspar-to-hydrofluoric-acid-hf-the-heart-of-the-fluorochemical-industry/
Ranked by buyer-relative risk, highest first.
| Material | Controlled by | You | Global | Band | Art. 5 | Input share | Substitute | Laws | Trend |
|---|---|---|---|---|---|---|---|---|---|
| Fluorspar | 🇨🇳 CN 60% mining | 44 | 45 | Moderate | — | — | hard | — | ▬ stable |
You = buyer-relative score (this company's disclosed footprint vs. the controller). Global = buyer-agnostic supply risk. Substitute = ease of swapping the material out (none = locked in). Input share = the material's disclosed magnitude in the company's input basket (HIGH/MED/LOW only where a public filing quantifies it; — = unrated). Descriptive effect-size, never scored.
Art. 5 = does the global top single-country share breach the EU's own CRMA Art. 5 diversification ceiling (no more than 65% of a strategic raw material from a single third country)? A conservative global-production PROXY for the EU-import denominator — descriptive only, sits beside the score, never merged into it (— = non-strategic material). Reg. (EU) 2024/1252 Art. 5 ↗
Per-material factor scoring on a 1–5 likelihood×impact scale, mapped to the Art. 24(2)(b) risk-factor framework. The headline score above is a portfolio RAG; this matrix is the assessment — it is where two companies with the same binding chokepoint diverge.
| Material | Geopolitical | Concentration | Price / market | Substitutability | Import reliance | Logistics · ESG · Supplier |
|---|---|---|---|---|---|---|
| Fluorspar | 1 | 3 | 3 | 4 | 5 | company input |
1 = very low … 5 = very high — a standard supply-risk likelihood×impact scale (the form a competent authority expects for the Art. 24(2)(b) factor analysis, not a CRMA-numbered scale). Public-source factors are pre-filled from the engine's primary sources (USGS concentration, IPTM government actions, EU import data); the three rightmost factor categories need company / Tier-1 supplier data and are flagged as input under Art. 24(3). Hover any cell for its evidence.
Every new filing and every amendment (rate change, scope change, repeal) touching this company's materials in the window above. Append ?since=YYYY-MM-DD to this URL for a custom start date.
No filings or amendments in this window — the register has been quiet on this company's materials.
Restrictive government measures on this company's materials, newest first — each links to its primary government source.
No restrictive measures tracked in the register for these materials.
The Art. 24(2)(c) vulnerability assessment, made explicit. For each leading exposure we model the move in this company's buyer-relative score under two distinct supply-disruption scenarios — the production footprint held fixed, only one lever moved at a time so each delta isolates one shock:
| Type | Scenario | Today | Stressed | Δ |
|---|---|---|---|---|
| Policy | Fluorspar — 🇨🇳 CN escalates fluorspar controls to a full export-licensing / ban regime | 44 | 69 | +25 |
| Concentration | Fluorspar — 🇨🇳 CN becomes the single source for fluorspar — the second source is lost (full 60%+ monopoly) | 44 | 64 | +20 |
A zero delta means that lever is already modelled at maximum on that material — today's score already prices it in. This is why the two scenarios are shown together: where a material's policy lever is already maxed (zero policy delta), the concentration shock still carries a real delta, and vice-versa. Each stressed score isolates its one lever; all other factors are held at current values.
No material crosses the significant-vulnerability threshold. The Art. 24(4) mitigation duty is not triggered on the public-source evidence; the mitigations below are precautionary.
Stated threshold (so the conclusion is reproducible and auditable): buyer-relative band ≥ High AND substitutability hard/none AND ≥ 1 in-force restrictive measure on the material, assessed over the materials this company buys. The CRMA does not fix a numeric definition of “significant”; the company may adopt a stricter or looser threshold and should record it here.
Proposed, announced or draft regulation that is not yet in force but would touch this company's at-risk materials if it passes. Forward-looking early-warning — the likelihood shown is an honest band derived from the legislative stage, not a forecast or a fabricated probability. Kept separate from the enacted register above: nothing here is law yet.
Likelihood band is derived deterministically from the legislative stage (announced → low; draft-published / in-consultation → moderate; passed-committee → elevated; passed-vote / awaiting-signature → high) — a reproducible, source-traceable proxy, not a probability estimate. Where shown, the modelled impact-if-passed re-uses the same buyer-relative stress engine as the enacted scenarios above: it holds this company's production footprint fixed and escalates the proposed measure to a full export-licensing / control regime — the conservative upper bound for a measure that may pass only as a partial cap. The delta is the move from today's score to that stressed score; companies with no modelled production footprint show no delta.
The mitigating efforts Art. 24(4) names — diversifying the supply chain and substituting the material — plus the standard levers against a concentrated, policy-exposed input. Prioritise around the binding input chokepoint (Fluorspar).
Under the EU Critical Raw Materials Act (Reg. (EU) 2024/1252), a Member State identifies the large companies (Art. 2(29): >500 employees and >€150M net worldwide turnover) using strategic raw materials to manufacture a listed strategic technology (batteries, renewables, hydrogen, traction motors, heat pumps, aircraft, data-storage equipment, robotics, drones, satellites, advanced chips). Those companies must, at least every three years and to the extent the information is available to them (Art. 24(2)), assess their strategic-raw-material supply chain. Where suppliers do not provide the data on request, the assessment may rely on the Commission's monitoring dashboard (Art. 20(4)) or other publicly available information (Art. 24(3)) — which is the evidence base this report assembles. Board reporting (Art. 24(5)) is voluntary unless the Member State mandates it (Art. 24(6)).
| CRMA provision | Obligation | Where addressed |
|---|---|---|
| Art. 24(1) | Member State identifies the company as in-scope (uses an SRM to make a listed strategic technology). | Scope & applicability |
| Art. 24(2)(a) | Map where the strategic raw materials are extracted, processed and recycled. | Exposure register + Supply-risk factor analysis |
| Art. 24(2)(b) | Analyse the factors that might affect supply. | Supply-risk factor analysis (factor matrix) + The laws that threaten it |
| Art. 24(2)(c) | Assess vulnerabilities to supply disruptions. | Stress test + significant-vulnerability conclusion |
| Art. 24(3) | Where supplier data is unavailable, rely on Commission (Art. 20(4)) / public sources. | This report's basis — see Methodology & sources |
| Art. 24(4) | Where significant vulnerabilities are found, assess diversifying or substituting. | Significant-vulnerability conclusion + Priority mitigations |
| Art. 24(5)–(6) | Report results, sources, significant risks and mitigations to the board. | This document — board-ready, PDF-exportable |
This report pre-fills the Art. 24(3) public-source half of the assessment. The company-specific inputs — employee/turnover thresholds, bill-of-materials volumes, the tiered supplier map, and formal board adoption — remain the company's to complete; they are flagged as “company input” where they appear.
Article 24 applies only when both size thresholds are met and a Member State has identified the company as making a listed strategic technology with strategic raw materials.
| Threshold test | This assessment |
|---|---|
| Average employees (last FY) > 500 | company input |
| Net worldwide turnover (last FY) > €150M | company input |
| Uses a strategic raw material as an input | Yes — 1 scored SRM on the input side (binding: Fluorspar) |
| Manufactures a listed strategic technology | industrial (confirm against Annex) |
| Formally identified by a Member State authority | company input |
Production-concentration figures: USGS Mineral Commodity Summaries 2026 + the production dataset behind each material page. Policy measures trace to the primary government sources below.
Primary-source links are attached to each action in the register.
Each material's global supply-risk index blends five weighted factors: concentration of refining/processing (35%), active trade-control & policy pressure (25%), import reliance (15%), substitutability (15%), and price stress (10%). The buyer-relative score then scales the relational factors (concentration / policy / import) by this company's production-footprint alignment against each material's controlling country — bloc-neutral factors (substitutability, price) are left intact.
Caveats. The footprint is the company's assembly / manufacturing geography applied uniformly across all materials — a first-order proxy, not per-material input tracing. Scores are an analytical judgement on public data with a transparent weighting, not a market forecast or investment advice. Production shares reflect 2024-2025 figures and the policy position as of 2026-10-07; the register is continuously maintained and should be re-pulled against each new policy action.
MACROLENS · CICONIALABS · GEOPOLITICAL SUPPLY-RISK REPORT (EU CRMA ART. 20–25) · report generated 2026-10-07
Tip: the change log above defaults to the last 30 days. Append ?since=YYYY-MM-DD to this URL for a custom start date (e.g. ?since=2026-04-01).
This is a description of the actual automated pipeline (verifiable against this repo's own cron schedule), not a contractual commitment.