Pentagon inks pair of rare earth mineral loans for $1.2 billion
AI Summary
The Pentagon secured $1.2 billion in loans for rare earth mineral supplies critical for weapons production, emphasizing the necessity of elements such as germanium and gallium. This funding aims to support the industrial base and ensure availability of these strategic materials.
“You can dream all day long about scaling [weapons production but] if you don’t have germanium, gallium, and rare earths, it is a pipe dream,” said Michael Cadenazzi, the Assistant Secretary of Defense for Industrial Base Policy.
Security Politics Deals AI & Tech Commodities Pentagon rare earth minerals loans defense industry weapons production strategic materials germanium gallium