Pentagon solicits proposals to expand U.S. production of indium, manganese, magnesium, and titanium by September 17.
The U.S. Defense Department is seeking investment proposals from domestic companies to increase supplies of four critical metals used in military equipment. The solicitation covers indium, manganese, magnesium, and titanium, with applications due by September 17.
The move aims to reduce reliance on foreign sources for materials essential to defense manufacturing. No prior solicitations for these metals have been issued under the current administration, marking a shift in supply chain strategy.
Markets for these metals may see increased volatility as producers and investors assess potential demand growth from defense contracts.