Wire · operational-macro
Elmet Group wins $2 billion US tungsten stockpile contract
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Fusion42 · 14 September 2026 · Fusion42 review
Elmet Group won a $2 billion contract from the U.S. Defense Logistics Agency to supply tungsten ores and compounds for rebuilding the National Defense Stockpile, aimed at reducing reliance on Chinese and Russian sources. The contract includes a $150 million guaranteed funding commitment and follows additional $450 million investment from the Department of War to expand domestic tungsten production facilities in several U.S. states.
This Wire brief sits within Fusion42's coverage of Industrial, and 5 sources have reported it.
◆ ◆ The Wire takeaway
You face a new path as domestic tungsten production scales up backed by government capital and strategic contracts. This opens urgent opportunities to supply or support U.S. defense and aerospace programs now aiming to end dependency on Chinese and Russian minerals.
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5 sources · 14 Sep 2026
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