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US Takes $450 Million Stake in Tungsten Firm to Counter China
Source: Bloomberg
Infrastructure & DefenseCommodities & Raw MaterialsTrade Policy & Supply ChainGeopolitics & WarPrivate Markets & Venture
The Pentagon will acquire a near-20% stake in a US tungsten producer, strengthening domestic access to a critical mineral used in military hardware. The investment advances the Trump administration's effort to reduce US reliance on China for strategically important mineral supplies, with potentially meaningful implications for the domestic critical-minerals and defense supply chain.
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