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Pentagon Backs Startup Producing Metal for Critical Magnets
Original: Pentagon Invests in Startup Aiming to Supply Metal for Critical Magnets
The Pentagon has invested in a startup working to supply metal used in critical magnets, according to the Wall Street Journal. The move reflects Washington's push to secure domestic sources of materials essential for weapons systems, electric vehicles and electronics, where supply has been dominated by overseas producers, particularly China.
Why now: The US military is moving to reduce dependence on foreign suppliers of critical magnet materials.
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