Consulting
As an independent service provider, we cover 30+ critical material supply chains globally, from mine to market.
Bespoke research on critical materials and energy transition
At Project Blue, our consulting team offers customized solutions to help clients and their stakeholders succeed
in a rapidly evolving global marketplace. Leveraging our extensive global network and deep expertise in critical
materials and the energy transition, we empower businesses to gain a competitive edge, make informed
decisions, and effectively mitigate risks. Our team's ability to navigate complex challenges allows us to provide
actionable insights that drive sustainable growth and long-term success.
We partner with a wide variety of clients across diverse industries and specialties
- Producers and Project Developers
- Consumers and Procurement Teams
- Investors and Lenders
- Merchants and Traders
- Government
- Industry Associations
Our cohesive and focused consulting team operates with a personal, hands-on approach while delivering robust solutions.
Industry Snapshots
Case studies: Industry snapshots and Segment-specific analysis
Client deliverables
Built upon Project Blue’s deep understanding of 30+ critical material markets, we provide market overview reports for a variety of end users, from generalists to technical experts. We can cover historical, current and forecast demand (end uses, value-in-use, key drivers), supply (major producers, regions of production, upcoming projects), prices (pricing mechanisms, risks) and trade flows.
Cost benchmarking
Case studies: Cost benchmarking and project ranking
Client deliverables
Built upon Project Blue’s industry-leading cost curve and cost tracker research, we work with clients to compare their operating costs with peers, up to an AISC CIF basis. We have provided bespoke cost analysis for niche products (e.g., intermediates, compounds), on varying units (e.g., REO vs NdPr basis) and in specific competitive markets (e.g., Asia seaborne, Battery-grade).
Market entry evaluation
Case studies: Project ranking and benchmarking for new markets
Client deliverables
Built upon Project Blue’s deep understanding of 30+ critical material markets, we work with clients on a variety of market entry assessments. We have worked with clients developing new processes or products to evaluate market size potential, pricing and distribution risks. We have also worked with clients to evaluate expansions into emerging or adjacent markets based on industry forces and their existing expertise.
Market Studies for technical reports
Case studies: Industry snapshots and Segment-specific analysis
Client deliverables
Built upon Project Blue’s deep understanding of 30+ critical material markets, and with several QPs / CPs on the team, we provide clients with third-party market studies for all levels of technical reports. We are flexible in the level of content provided, ranging from market fundamentals and ten-year forecasts, to supply chain mapping and product assessments for commercial due diligence.
Segment-specific analysis
Case studies: Cost benchmarking and project ranking
Client deliverables
Built upon Project Blue’s deep understanding of 30+ critical material markets, we work with clients to dig deeper into specific and niche segments for their business. We have evaluated regional supply chains and trade flows, the demand outlook for niche products or new by-products, and competitive positioning.
Investment decision frameworks
Case studies: Project ranking and benchmarking for new markets
Client deliverables
Built upon Project Blue’s deep understanding of 30+ critical material markets, we work with clients to dig deeper into specific and niche segments for their business. We have evaluated regional supply chains and trade flows, the demand outlook for niche products or new by-products, and competitive positioning.
Project ranking
Case studies: Industry snapshots and Segment-specific analysis
Client deliverables
Built upon Project Blue’s deep understanding of 30+ critical material markets, we work with clients developing their own projects or benchmarking existing operations against upcoming projects. We have evaluated product specifications, regional end markets and marketing risks. We can also draw on our industry-leading cost curve and cost tracker research to assess cost competitiveness.
ESG benchmarking
Case studies: Cost benchmarking and project ranking
Client deliverables
Built upon Project Blue’s industry-leading cost curve and cost tracker research, we expand our input analysis to build asset-by-asset emissions and carbon footprint ‘curves’. We have provided bespoke analysis at the mine level and through the supply chain to intermediate or refined products, following industry best practice and collaborating with sustainability experts.
Offtake/Procurement strategy
Case studies: Project ranking and benchmarking for new markets
Client deliverables
Built upon Project Blue’s detailed supply-demand analysis, we work with clients to identify regional or product gaps in the market and identify potential customers depending on supply chain integration. We have evaluated commercial terms, price premiums / discounts and payabilities. With our network of logistics providers, we can also evaluate transport costs and risks.
Our consulting team is led by a team of industry experts.
Jessica Fung
Head of Consulting
Investment Strategy and MacroeconomicsMBA, University of Toronto
BAA (Applied Arts, Hons.), Ryerson University
Jessica is a seasoned senior finance professional with over 17 years of experience specialising in commodities market research and investment strategy. Throughout her career, she has engaged and collaborated with management teams and key decision-makers around the world to shape corporate and financial strategies, and has served as non-executive director.
Jessica brings an established network of industry, financial and sector experts to derive unique insights into the metal and minerals markets. Prior to Project Blue, she was Head Strategist at Pala Investments, where she synthesized macroeconomic and industry data to strategically deploy capital into critical materials supply chains. Earlier, she served as Commodities Strategist and Equity Analyst at BMO Capital Markets, a member of the top-ranked Global Metals & Mining Research team, where she published investment insights into base metals, precious metals and steelmaking commodities for a diverse global clientele.