What Happened
US Defense Logistics Agency Awards Contract To Strengthen Tungsten Supply Chain
The US Defense Logistics Agency has awarded a $2 billion contract to Elmet Group to help rebuild the National Defense Stockpile and strengthen the country’s tungsten supply chain. The contract includes a guaranteed funded commitment of $150 million and covers the supply of tungsten ores, concentrates, and sodium tungstate. Elmet plans to invest more than $165 million in facilities to expand production capacity and modernize infrastructure supporting US defense, aerospace, and industrial programs. This development was reported by Reuters.