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Pentagon acquires near-20% stake in US tungsten producer in $450M deal to cut China dependence
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The Defense Department is betting big on Elmet Group to build a domestic tungsten supply chain as new procurement restrictions loom. Mon 14 Sep 2026 · 15:44 EDT · 3 min read The US Department of Defense is putting $450 million into Elmet Group, the country’s only fully.
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