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US Expands Critical Mineral Search

Bloomberg Markets •
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The Trump administration is actively seeking investment pitches from domestic producers of metals essential for defense gear, including fighter jets, night-vision goggles, and tank armor. This initiative aims to bolster homegrown production capabilities for critical materials used in military equipment.

The Defense Department’s Defense Industrial Base Consortium has distributed a formal solicitation request to address existing gaps in the domestic supply chain. The specific metals targeted for increased local production include indium, manganese, magnesium, and titanium, which are vital for modern defense technologies.

According to the solicitation released on Friday, the deadline for submitting investment proposals is Sept. 17. This push highlights the administration's focus on securing the industrial base necessary for national security by reducing reliance on foreign sources for these strategic resources.