Pentagon Seeks $1B in Critical Minerals for Stockpile to Counter China’s Grip: FT (RIO:NYSE)

Pentagon's Critical Mineral Stockpiling Plan Points To Shortage Expectations - VanEck Rare Earth and Strategic Metals ETF (ARCA:REMX), Rio Tinto (NYSE:RIO)

The Pentagon is moving to secure a $1 billion stockpile of critical minerals. The Department of Defense is aiming to insulate the U.S. defense supply chains from China’s tightening control of strategic metals. According to The Financial Times (FT), the Defense Logistics Agency (DLA) has begun formal procurement steps to acquire vast quantities of minerals. These materials are essential for weapons systems, electronics, and advanced manufacturing…

Pentagon stockpiles critical minerals in $1.5b buying spree

Trump’s administration is trying to challenge China’s dominance of the metals, as Anthony Albanese heads to Washington this month to tout Australia’s supply.

Pentagon Plans $1B Critical Minerals Buying Spree

The War Department reportedly moved to buy up to $1 billion in critical minerals as part of an accelerated stockpiling strategy aimed at reducing reliance on Chinese supply chains. The Pentagon's Defense Logistics Agency outlined the bolstered effort in recent filings, the Financial Times reported Saturday night. "They are incredibly focused on the stockpile," a former defense official told FT. "They're definitely looking for more and they're do…

Pentagon looking to buy $1 billion in critical minerals, FT reports

The increased purchases come as China unveiled new export controls on rare earths and other key materials. Read more at straitstimes.com.

Pentagon plans $1bln critical minerals purchase as China tensions rise

The Pentagon is reportedly preparing to acquire up to $1 billion worth of critical minerals, including rare earth elements, as China imposes new export restrictions on key materials vital to US defense systems.