Pentagon to fund $400M Australian mineral project
An article reveals the U.S. Department of Defense's (Pentagon) plan to invest $400 million in establishing the world's first major mine for directly extracting scandium from rocks in Australia. The goal is to secure supplies of this rare metal, used in defense and aerospace industries, as well as in data centers, especially after China gained control over the rare earth element market and imposed export restrictions. The project aims to make the mine in New South Wales a key source of scandium in the Western world, where the metal is typically obtained as a byproduct. This initiative comes within the context of the United States' efforts to diversify its sources after China began limiting supplies in 2025.
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