Elmet Group Secures $450mln to Strengthen US Tungsten Supply Chain

The Elmet Group plans to use $450 million in funding from the US Department of War to strengthen the US tungsten supply chain, expand domestic production, and secure critical mineral sources. The investments will bolster the American tungsten supply chain by increasing domestic production, securing long-term access to critical raw materials, and building an integrated network of procurement, processing, and refining facilities worldwide. The move aims to create a more resilient supply chain for the US and its allies, from mine to finished component, for the defense and industrial markets reliant on this strategic metal.