Elmet Group to Invest in US Tungsten Supply Chain, Securing Critical Minerals

The Elmet Group plans to allocate funds from a $450 million investment by the US Department of War to strengthen the US tungsten supply chain. The investments aim to develop domestic production, secure long-term access to critical raw materials, and establish a global network of assets dedicated to sourcing, processing, and refining. The initiatives aim to increase production capacity in the US, secure long-term access to critical raw materials, and establish a resilient supply chain for defense and industrial markets.