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The U.S. Department of Defense announced its commitment to provide a $400 million loan to establish Australia's first major scandium mine, aimed at boosting the production of this metal used in defense and aerospace industries. This move comes as part of an American plan to enhance its economic security and reduce reliance on China, which dominates the scandium market—especially after export restrictions were imposed starting in 2025. The extraction process will take place directly from native ore at the New South Wales mine, which intends to become the centerpiece of scandium supplies in the West. Scandium is considered an important rare-earth mineral critical for military and technological industries, and the United States is increasingly investing in diversifying its sources following upheavals in the global market.
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