https://www.live-feeds.com/feed/pentagon-backs-150m-blue-moon-tungsten-restartContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/pentagon-backs-150m-blue-moon-tungsten-restarthttps://www.live-feeds.com/feed/pentagon-backs-150m-blue-moon-tungsten-restart#u70080Wed, 16 Sep 2026 09:25:11 +0000The United States Department of War invested $450 million in Portland-based Elmet Group to secure the domestic supply of tungsten and counter China. Separate reporting indicates Elmet secured a $2 billion stockpile contract, while the Pentagon also backed a $150 million restart of the Blue Moon tungsten project. These strategic defense measures sent shares of the strategic metal producer soaring by 43 percent. The funding targets critical mineral supply chains heavily reliant on foreign sources.Why it mattersTungsten is a vital strategic metal used in various industrial and defense application