Pentagon invests $450M in tungsten mining to secure critical mineral supply chain

The Pentagon is investing $450 million in The Elmet Group to bolster domestic tungsten production, addressing supply chain vulnerabilities for a mineral critical to defense manufacturing. This marks a significant government intervention in critical minerals, reflecting broader efforts to reduce reliance on foreign sources, particularly China. The move signals a strategic shift toward securing defense supply chains, though the timeline for production and impact on market dynamics remains uncertain.