Washington, July 14 (IANS) The US Department of War has announced a $25 million investment in ReElement Technologies Corp. to expand domestic refining capacity for rare earth elements and other defence-critical minerals, in a move aimed at strengthening the country’s industrial base and reducing dependence on overseas supply chains. The investment, announced on Monday by the Department’s Economic Defence Unit (EDU), in partnership with the Office of the Under Secretary of War for Acquisition and…
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Washington, Feb 25 (IANS) US lawmakers warned that China’s dominance over critical minerals could cripple American defence manufacturing in a crisis, as the Pentagon defended controversial equity investments and price guarantees aimed at rebuilding domestic supply chains.“It’s no exaggeration to say that America’s resilience on China’s critical minerals represents one of our greatest strategic vulnerabilities,” Senate Armed Services Committee Chairman Roger Wicker said at a Congressi…