SECURITYWTOP DC
US companies are stepping up to cut reliance on China for critical minerals used in key weapons
US companies like Phoenix Tailings are developing methods to extract critical minerals from mining waste to reduce reliance on China for defense applications. The Pentagon provided a $500 million loan to Phoenix Tailings to expand its operations, aiming to counter China's dominance in processing rare-earth elements essential for weapons systems and other industries.
Mentioned
Related Signal
Adjacent reporting
- US companies are stepping up to cut reliance on China for critical minerals used in key weapons
- US faces new pressure to build weapons without China's rare earth magnets
- US faces new pressure to build weapons without China's rare earth magnets
- US, China ramp up mineral investments
- Pain or gain? US moves to decouple its defence industry from China’s rare earths
- Pentagon works with U.S. rare earths company to counter China's dominance