- Concerns over China's rare earth export controls led to discussions of a strategic partnership between the US and China on critical minerals.
- The U.S. government invested in MP Materials, which operates in the geopolitically stable United States, to secure rare-earth metal supply.
- The DoD invested $400 million in MP Materials, coinciding with the Trump administration's push for domestic rare earth mining.
- The U.S. Department of Defense announced a $450M investment to strengthen domestic tungsten production capacity.
Elmet Group Co.'s facility contributes to the U.S. defense industrial base, bolstering domestic tungsten supply chain.
2 reports, 2 independent
Updated Sep 14
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What happened
Elmet Group Co.'s facility contributes to the U.S. defense industrial base, bolstering domestic tungsten supply chain.