Pentagon pushes for domestic stockpiling of critical minerals and ammunition
ELMT Elmet Group Co
$19.38 -11.87%
View chart & analysis → - 1The Pentagon intends to stockpile critical minerals, fuel, and ammunition within the U.S. mainland.
- 2The demand for the most common type of rare earth magnets in the U.S. in 2025 is approximately 48,000 metric tons.
- 3Elmet Group has secured a contract worth up to $2 billion from the Defense Logistics Agency.
So what's the key point?
The U.S. Department of Defense has decided to stockpile minerals and ammunition within the country. Elmet Group won a $2 billion contract as part of this process.
Source Fortune · View original ↗
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