Tungsten shock: U.S. deploys $1.6B to break China's stranglehold
The U.S. government issued non-binding letters of interest for up to $1.6 billion to Cove Kaz Capital's Kazakhstan tungsten project as wars in Ukraine and Iran drain global reserves and DoD sourcing rules take effect in 2027.
DOE awards $45.7M to fix America's magnesium and rare earth gaps
The U.S. Department of Energy awarded $45.7 million across 19 critical minerals projects on May 19, targeting domestic processing capacity in magnesium and rare earth elements where the U.S. remains completely import-dependent.