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Elmet Group Secures $450M Federal Investment

September 14, 2026

2 min read

Key Takeaways

Elmet Group receives $450M federal investment.
Investment aims to expand domestic tungsten production.
Funding supports manufacturing facilities in Maine, Michigan, and Ohio.
Elmet to establish new division for global supply network.

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Strategic Implications

This investment may indicate the US Department of Defense's efforts to strengthen the nation's supply chain for critical minerals. The expansion of domestic tungsten production could suggest a shift in reliance away from China, which may have significant implications for the global supply chain and defense systems.

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What Happened

Lewiston-Based Company Expands Domestic Tungsten Production

The Lewiston-based Elmet Group has secured a $450 million investment from the U.S. Department of Defense to expand domestic tungsten production and strengthen the nation’s supply chain for the critical mineral. The funding will support manufacturing facilities in Maine, Michigan, and Ohio, and the establishment of a new division for global supply network management. The investment is intended to increase U.S. manufacturing capacity, secure long-term access to tungsten, and expand mining and processing operations. This announcement was reported by WMTW-TV.

Source | Originally Published: September 14, 2026

Companies Mentioned