8 Hrs
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الاقتصادية
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Pentagon invests $450M in tungsten firm to counter China
The article focused on the U.S. Department of Defense's plan to invest $450 million in Altimet Group in order to increase tungsten production within the United States. Tungsten is a vital material used in manufacturing military equipment, particularly in armor-piercing weapons. Concerns have grown over potential supply disruptions due to China's export restrictions, which have caused its price to surge more than eightfold since the beginning of 2025. This investment aims to strengthen domestic capabilities for the manufacturing and processing of tungsten, reducing reliance on foreign sources, especially China. It is part of broader efforts by the U.S. government to secure strategic mineral resources and build a strategic stockpile valued at $12 billion to counter China's threats and mitigate its impact on critical industries.
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