Pentagon Puts $450 Million Into US Tungsten Production to Break China’s Grip on Munitions Metal
The Department of War’s Office of the Assistant Secretary of War for Industrial Base Policy announced Monday that it is investing $450 million in The Elmet Group, a U.S.-owned, fully integrated producer of tungsten and molybdenum materials and components. The War Department’s Economic Defense Unit, created in April 2026, executed the investment and uses private-sector financial experts to counter the economic influence of foreign adversaries. It has three core functions:
Source: https://redstate.com/streiff/2026/09/14/dow-buys-tungsten-interest-n2206924
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