Pentagon Invests $1 Billion in Rare Earths to Secure Defense Supply Chains

The U.S. Department of Defense is investing $1 billion to strengthen domestic rare earth resources, building resilient strategic reserves and bolstering the nation’s defense supply chains. This initiative will impact companies like MP Materials and Lynas USA, which play a key role in processing facilities within the United States. This move aims to reduce reliance on foreign sources for these essential materials. While the initiative doesn’t directly affect cryptocurrency markets, it signals a shift towards resource independence for defense needs.