On November 7, the US Defense Logistics Agency (DLA) announced a $2 billion investment to replenish the national defense strategic stockpile, focusing on critical minerals such as rare earths, tungsten, titanium and antimony. Elmet was awarded a tungsten procurement contract with a ceiling of $2 billion and a guaranteed minimum of $150 million. Together with the rule banning procurement of strategic minerals from China, Russia, Iran and North Korea starting January 1, 2027, the US military-industrial supply chain will become significantly more dependent on domestic and allied metal powder and smelting capacity.