Defense Metals

Defense Metals signed a non-binding MOU with Hanwha Corporation to advance domestic rare earth supply chain development encompassing all of Hanwha's affiliates' potential long-term requirements. This partnership could strengthen North American rare earth independence and reduce reliance on foreign suppliers for critical defense applications.

Tungsten, primarily used in weapons and industrial applications, has experienced massive price rallies outpacing gold and copper. This defense metal's surge reflects increased military spending and supply chain constraints for critical materials.