What Happened
Strengthening Domestic Industrial Resilience and Military Readiness
The US Department of War has announced a $450 million investment in The Elmet Group to secure America’s tungsten supply chain. The investment aims to strengthen domestic tungsten capacity, bolster US industrial resilience, and support high-quality manufacturing jobs. The Elmet Group is the only US-owned, fully integrated producer of tungsten and molybdenum materials and components, supporting over 100 Department of War programs. This investment was reported by an unknown source.