U.S. Defense Department Allocates $300 Million to Purchase Lithium for Defense Technology

The U.S. Department of Defense plans to purchase approximately 36 million pounds of high-purity lithium carbonate, valued at up to $300 million, to bolster its strategic stockpiles and meet the growing demand for essential minerals used in the manufacturing of batteries and electric vehicles. This effort aims to reduce reliance on foreign sources and ensure a stable supply over the next five years.

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