The cancellation highlights ongoing difficulties in securing critical mineral supplies for U.S. defense reserves.
The U.S. Defense Logistics Agency has abandoned a $300M tender to acquire lithium for its National Defense Stockpile. The move underscores persistent challenges in bolstering domestic and allied supplies of critical minerals essential for defense and energy sectors.
The agency had sought to replenish stockpiles amid rising demand for lithium, a key component in batteries and military applications. Previous attempts to secure supplies faced delays and geopolitical hurdles, with no prior purchase of this scale completed in the last two years.
No immediate market reaction was reported following the announcement.