Pentagon Moves to Stockpile Critical Minerals
The Pentagon aims to acquire up to $1bn in critical minerals to build stockpiles and reduce dependence on China.
The US Defense Logistics Agency (DLA) is leading this initiative to enhance the national reserve of minerals crucial for defense manufacturers.
- Critical minerals are essential for defense manufacturers and other applications, including smartphones and military equipment.
- China currently controls the supply chains for these critical minerals and permanent magnets.
The Pentagon is aiming to acquire up to $1bn of critical minerals as part of a global effort to mitigate China’s dominance over these essential metals.
Author's summary: Pentagon to stockpile $1bn in critical minerals.