Pentagon Looking to Buy $1 Billion in Critical Minerals, FT Says

The Pentagon is planning to purchase up to $1 billion worth of critical minerals, according to the Financial Times. This move is aimed at building a strategic stockpile of these essential materials. The purchase will be managed by the Pentagon's Defense Logistics Agency, as revealed in public filings. The decision comes amid growing concerns over the global supply chain and the potential for disruptions in the availability of critical minerals, which are vital for various industries, including defense, technology, and renewable energy. By securing a reliable supply of these resources, the Pentagon aims to strengthen the United States' strategic position and reduce its dependence on foreign sources.
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