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Pentagon Puts $450M Into Tungsten Mining to Break China's Grip
Key Takeaways
- The Defense Department is investing $450 million in The Elmet Group to strengthen the U.S. tungsten supply chain.
- A federal procurement rule banning tungsten mined, refined or processed in China, Russia, Iran and North Korea from defense applications takes effect Jan. 1.
- The Pentagon said it chose Elmet because it is the only U.S.-owned, fully integrated producer of tungsten and molybdenum materials and components.
- China controls roughly 85% of global tungsten supply and about 40% of molybdenum, while the U.S. has not mined tungsten since 2015.
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DT Editorial Team··via defensenews.com