The Next Fort Knox? Why the Army is Going All-In On Rare Earths

AI Summary

The U.S. Army is prioritizing rare earth elements by establishing a processing facility at Utah’s Tooele Army Depot for dysprosium and terbium, critical for advanced weapons and technologies. This step is reminiscent of past strategic resource security measures, highlighting national security concerns over access to rare earth materials.

In 1937, the Army guarded the first shipments of a critical resource, U.S. gold, as it was transferred into Fort Knox. Nearly 90 years later, Washington faces a similar situation with a very different resource. The Army picked REalloys (NASDAQ: ALOY) to build a facility to process dysprosium and terbium at Utah’s Tooele Army Depot - two rare earths that keep high-performance magnets working in weapons, radar, sonar and electric motors. Gold went to Fort Knox because America was unsure they could protect it from threats abroad. Rare earths…