India Launches First Private Military Aircraft Plant in Partnership with Airbus

Tata Advanced Systems

India has officially launched its first private military aircraft manufacturing facility, marking a significant milestone in its defense and aerospace sector. Tata Advanced Systems, in collaboration with Airbus, has unveiled the final assembly line for the Airbus C-295 military transport aircraft in Vadodara, Gujarat. This is a key development under India's “Make in India” initiative, aimed at boosting local defense manufacturing capabilities and reducing dependency on foreign suppliers.

Strategic Milestone for India’s Aerospace Industry

The Tata Aircraft complex, which is the first private plant in India to assemble military aircraft, will produce the Airbus C-295 in collaboration with Airbus Spain. The plant is expected to deliver its first C-295 aircraft by 2026, with more than 85% of the assembly and production of 13,000 components to be completed domestically. Out of the 40 C-295 aircraft planned, 16 will be assembled in Seville, Spain, with six already delivered to the Indian Air Force (IAF).

The C-295 program is part of India's broader efforts to modernize its military equipment. As the largest customer for the Airbus C-295, India plans to purchase a total of 56 aircraft. This move aligns with the Indian government’s ongoing push to encourage private defense manufacturing, a sector that has traditionally been dominated by state-run entities.

Airbus's Expanding Role in India

Airbus, which views India as a critical resource hub, is not only involved in aircraft assembly but is also expanding its footprint in India through the manufacturing of components, engineering development, and maintenance, repair, and operations (MRO) services. The company is investing in various aspects of the Indian aerospace ecosystem, including pilot training and academic partnerships to strengthen local expertise and human resources.

The Tata-Airbus collaboration is a reflection of India's growing role as a key player in the global aerospace and defense industry, with both companies working toward creating a self-sufficient defense manufacturing base within the country.

Littlejohn Capital Acquires 3P Processing to Expand Aerospace Metals Portfolio

3P Processing

Littlejohn Capital has announced the acquisition of 3P Processing, a Kansas-based aerospace metal processor specializing in aluminum, titanium, and steel components. The deal marks a strategic move into the aerospace finishing sector, where precision metal processing is vital for both commercial and defense-grade applications. The 3P Processing acquisition aligns with Littlejohn’s broader investment focus on industrial and defense manufacturing.

3P Processing operates out of Wichita, Kansas, a key hub in the U.S. aerospace supply chain. The company provides metal surface finishing for critical aircraft components used in commercial aviation, business jets, and defense programs. Littlejohn’s acquisition provides 3P with growth capital and operational support to expand its capabilities in a market defined by tight tolerances, certifications, and defense compliance.

Strategic Fit in Industrial and Defense Supply Chains

The 3P Processing acquisition fits Littlejohn Capital’s strategy of investing in lower mid-market manufacturing firms that require transformation or scaling. With defense and aerospace markets placing increased emphasis on resilient domestic processing capacity, acquisitions like this bolster national supply chain security.

Littlejohn brings experience across sectors including automotive, industrial services, and defense logistics, which can support 3P’s next phase of growth. As original equipment manufacturers (OEMs) increasingly localize metal processing needs, 3P is well-positioned to benefit from these evolving supply chain dynamics.

Aerospace Finishing Demand Set to Grow with Jet and Defense Orders

Demand for precision metal processing is rising amid new commercial aircraft orders, military modernization, and increased defense budgets. The 3P Processing acquisition enhances Littlejohn’s exposure to this niche but essential part of the aerospace value chain. With titanium and aluminum components playing central roles in weight-sensitive designs, finishing capabilities are critical to product performance and safety compliance.

Although financial terms were not disclosed, the move underscores a growing trend: private equity targeting aerospace component specialists to capitalize on the post-COVID recovery and long-term defense spending cycles.

The Metalnomist Commentary

The 3P Processing acquisition by Littlejohn Capital reflects a broader shift in private equity interest toward certified aerospace manufacturing assets. As OEMs seek reliability and scale in North American processing, well-capitalized firms like 3P stand to gain from the reshoring of finishing operations.

IperionX Secures $99mn DOD Contract to Supply Titanium Components

IperionX Team

Five-Year Deal Strengthens U.S. Defense Titanium Supply Chain

IperionX has been awarded a five-year U.S. Department of Defense (DOD) contract worth up to $99mn to supply titanium components for the U.S. Army. The agreement establishes a pre-approved funding mechanism, enabling sub-agencies to place direct orders for validated products, streamlining the procurement process.

The North Carolina-based company will begin initial production of titanium fasteners for defense applications in the coming months at its Virginia manufacturing campus. Under the contract, IperionX can also provide near-net-shape parts and semi-finished titanium goods, expanding its role in defense manufacturing.

The phase III contract was awarded under the Small Business Innovation Research (SBIR) program, administered by the Small Business Administration. IperionX highlights its fully integrated titanium production model, using scrap-to-forging technology to reduce costs and improve yields versus traditional manufacturing methods. This approach aligns with U.S. efforts to secure critical mineral supply chains and reduce dependence on foreign titanium sources.

The Metalnomist Commentary

This contract signals the Pentagon’s strategic intent to strengthen domestic titanium capabilities, ensuring supply resilience for defense manufacturing. IperionX’s scrap-to-forging technology could set a new benchmark for cost efficiency and sustainability in the U.S. titanium industry.

Signicast Expands into Titanium Casting with FS Precision Acquisition

Signicast

Wisconsin-based Signicast has acquired California’s FS Precision, a titanium casting specialist, in a deal that strengthens its role in aerospace and defense markets. The merger, announced on 18 June, represents a significant expansion into titanium and vacuum alloy manufacturing.

Titanium Casting Strengthens Aerospace Focus

The acquisition of FS Precision gives Signicast direct access to advanced titanium casting technologies. These capabilities are particularly valuable in aerospace and defense supply chains, where titanium is critical for its high strength-to-weight ratio and corrosion resistance. FS Precision’s expertise aligns with growing demand for lightweight, high-performance components across both military and commercial aircraft applications.

Expansion of US Manufacturing Capacity

Production has already begun at Signicast’s Hutchins, Texas, facility, which will act as a hub for titanium and vacuum alloy manufacturing. The company plans to expand capacity further, positioning itself to meet rising demand in advanced manufacturing sectors. This move supports the wider reshoring trend in US metals and defense manufacturing.

The Metalnomist Commentary

Signicast’s acquisition of FS Precision highlights the increasing strategic value of titanium casting in global aerospace and defense industries. By integrating FS Precision’s expertise, Signicast secures a stronger foothold in critical supply chains while reinforcing US-based titanium processing capacity.

Magellan Aerospace Profits Surge 72% Driven by Defense Sector Growth

Magellan Aerospace

Magellan Aerospace profits jumped 72% to C$10.8 million ($7.7 million) in the first quarter, demonstrating strong performance across commercial and defense segments. The Canadian aerospace components producer reported total revenue growth of 11% to C$260.9 million ($186.2 million) compared to the same period last year. Magellan Aerospace profits benefited from diversified revenue streams, with 62% from commercial customers and 38% from defense sector contracts.

Supply Chain Challenges Impact Commercial Aerospace Operations

Commercial aerospace production faces significant headwinds as supply chain delays affect major customers including Boeing and Airbus. Magellan expects these supply chain disruptions could persist throughout 2025, potentially reducing commercial sales volumes. Meanwhile, US tariffs threaten to delay deliveries and slow overall commercial aerospace production, creating additional challenges for Magellan Aerospace profits in the commercial segment.

However, defense sector demand shows promising growth potential due to increasing global conflicts and trade tensions. European defense buyers have shifted away from US products due to tariff concerns, potentially boosting demand for Magellan's defense offerings. Therefore, defense spending increases could offset commercial aerospace headwinds and support sustained Magellan Aerospace profits growth.

Strategic Partnerships Expand Global Manufacturing Footprint

Magellan secured key contracts and partnerships to strengthen its market position across multiple regions. The company signed an amendment with GE Aerospace to produce engine components for the Korean KF-21 aircraft program on March 6th. As a result, this contract diversifies Magellan's defense portfolio beyond traditional North American and European markets.

Furthermore, Magellan signed a memorandum of understanding with aerospace manufacturer Aequs to explore joint sand casting facility construction in India. This strategic partnership could provide cost-effective manufacturing capabilities while accessing India's growing aerospace market. Consequently, these international expansions support long-term Magellan Aerospace profits growth through geographic diversification.

The company's revenue distribution reflects its global reach, with 40% from Canada, 31% from Europe, and 29% from the United States. This balanced geographic exposure helps mitigate regional market risks while capitalizing on defense spending increases worldwide.

The Metalnomist Commentary

Magellan's strong Q1 performance highlights the resilience of specialized aerospace component manufacturers amid supply chain disruptions and geopolitical tensions. The company's strategic pivot toward defense contracts and international partnerships positions it well to capitalize on global defense spending increases while managing commercial aerospace headwinds effectively.

US UAE Gallium Production Partnership Challenges China's Critical Minerals Monopoly

EGA

US UAE gallium production partnership emerged through a strategic alliance between Emirates Global Aluminium (EGA), Tawazun Council, and RTX Corporation. The US UAE gallium production initiative targets extraction at EGA's Al Taweelah alumina refinery, representing a significant diversification effort away from Chinese-dominated gallium supply chains for critical defense and aerospace applications.

Strategic Partnership Addresses Defense Supply Chain Vulnerabilities

US UAE gallium production collaboration directly responds to China's dual-use export restrictions affecting defense contractors. RTX subsidiary Raytheon faces Chinese export bans, forcing the aerospace giant to secure alternative gallium sources for semiconductor, radio frequency device, and LED manufacturing. The memorandum of understanding establishes an exploratory framework for domestic gallium production capabilities.

Meanwhile, EGA and RTX plan additional agreements to conduct comprehensive feasibility studies for the Al Taweelah facility integration. The partnership leverages EGA's existing alumina refining infrastructure while providing RTX guaranteed access to critical materials. This strategic alignment addresses both companies' objectives of supply chain security and market diversification.

Gallium Applications Drive Defense Industry Demand

However, gallium's strategic importance extends beyond traditional aluminum production into advanced technology applications. The critical mineral serves essential roles in semiconductor manufacturing, radio frequency devices, light emitting diodes, and consumer electronics. Defense and aerospace sectors particularly depend on gallium for advanced radar systems, satellite communications, and electronic warfare capabilities.

Therefore, establishing UAE-based gallium production creates alternative supply sources for Western defense contractors facing Chinese export restrictions. The Al Taweelah location provides geographic diversification while leveraging established Middle Eastern industrial infrastructure. This positioning reduces dependence on single-source suppliers in geopolitically sensitive regions.

Regional Industrial Diversification Strategy

Furthermore, the gallium partnership aligns with broader UAE economic diversification initiatives beyond traditional hydrocarbon sectors. EGA simultaneously announced plans for joint anode manufacturing development with Chinese producer Sunstone, demonstrating comprehensive industrial expansion strategies. These partnerships position Abu Dhabi as a regional critical minerals processing hub.

As a result, the US-UAE collaboration exemplifies how allied nations coordinate critical minerals supply chain resilience against export control weaponization. The partnership model combines American technology expertise with Middle Eastern industrial capacity and geographic positioning. Such arrangements increasingly define international approaches to critical materials security in contested global markets.

The Metalnomist Commentary

The US-UAE gallium production partnership exemplifies strategic alliance formation in response to China's critical minerals export controls, demonstrating how defense contractors and allied governments collaborate to establish alternative supply chains. This initiative represents a broader trend of geographic diversification in critical materials processing, positioning the UAE as a key intermediary in Western supply chain security strategies.

NATO Prioritizes Critical Metals for Strengthening Defense Supply Chains

NATO

NATO has unveiled a list of 12 critical raw materials deemed essential for the production of advanced defense systems and military equipment, underscoring the need for secure and resilient supply chains in the face of growing geopolitical tensions. This initiative is part of NATO’s broader strategy to safeguard its technological edge and ensure the operational readiness of its member nations.

Key Critical Metals for Defense Applications

The metals identified by NATO include aluminium, beryllium, cobalt, gallium, germanium, graphite, lithium, manganese, platinum, rare earth elements, titanium, and tungsten. These materials play a pivotal role in the development of military aircraft, missiles, tanks, and submarines, among other defense technologies. For example:

• Aluminium: Used in military aircraft and missiles for its lightweight and high-strength properties.

• Graphite: Integral to the production of tanks and corvettes, known for its thermal stability and strength.

• Cobalt: Essential for creating superalloys used in jet engines and submarines to withstand extreme temperatures.

NATO's secretary-general Mark Rutte emphasized the need to ramp up defense production and spending during a recent address in Brussels, calling it a “top priority” amid escalating security challenges.

Building Resilient Supply Chains: NATO's Strategic Focus

NATO's roadmap for securing critical materials encompasses five strategic lines of action, including:

1. Strategic Stockpiling: Ensuring reserves of key materials to mitigate supply disruptions.
2. Recycling: Harnessing recycled materials to reduce dependency on new mining operations.
3. Substitution: Researching alternative materials to replace scarce or geopolitically sensitive metals.

This comprehensive approach reflects NATO’s commitment to reducing vulnerabilities in defense-critical supply chains. Geopolitical tensions, particularly surrounding rare earth elements and other critical metals, have heightened the complexity of defense manufacturing. For instance, trade disputes involving key suppliers like China and Russia have underscored the need for diversified sourcing and secure logistics.

Geopolitical Implications and Defense Strategy

The move aligns with broader global concerns about critical materials. Several NATO member states rely heavily on imports for materials like rare earth elements, predominantly sourced from China, which controls over 60% of global rare earth production. NATO’s strategy highlights the importance of mitigating this dependency through alliances, domestic production, and innovative technologies.

The roadmap also acknowledges the role of emerging economies in supplying materials like lithium and cobalt, critical for both defense applications and the burgeoning electric vehicle (EV) market. Collaborations with these nations may be essential in ensuring a steady supply of critical metals.

US DoD Invests in Domestic Niobium Production to Secure Supply

The US Department of Defense (DoD)

The US Department of Defense (DoD) is taking significant steps to secure the domestic supply of niobium, a metal essential for defense and aerospace applications. In a strategic move to reduce reliance on imports, the DoD has awarded a $26.4 million grant to Global Advanced Metals (GAM) under the Defense Production Act Investments (DPAI) program. This funding will enable GAM to enhance production of high-purity niobium oxide at its Pennsylvania facility. The investment aligns with the National Defense Industrial Strategy, prioritizing the expansion of domestic production to mitigate supply chain risks.

Niobium's Role in Defense and Aerospace

Niobium, known for its high strength-to-weight ratio and refractory properties, plays a crucial role in aerospace components. Its lower density compared to other refractory metals makes it ideal for reducing mass in systems like jet engines, solid rocket motor skirts, and turbine nozzles. As China accelerates its development of hypersonic weapons, the US government has expressed concern about securing a reliable supply of niobium for applications in these advanced defense platforms.

The grant to GAM will also enable the company to refine its production processes, integrating new workflows that are expected to increase efficiency. As niobium oxide is currently predominantly sourced from Brazil, this move marks a critical step toward reducing US dependence on foreign sources.

America's Response to Global Competition

In addition to GAM's efforts, the DoD is also supporting projects aimed at enhancing the cost-efficiency of niobium-based materials. The Powder Alloy Development of Additive Manufacturing (PADAM) project, led by America Makes and financed by the Air Force Research Laboratory (AFRL), is focused on improving niobium alloy production, particularly Nb C-103. This project seeks to expand the supply base while making niobium powder feedstocks more affordable and versatile for defense applications.

The increased focus on niobium highlights its importance in the defense sector, particularly as the US faces growing competition from nations like China, which is developing hypersonic missiles that rely heavily on niobium components. The success of these initiatives will not only secure the US niobium supply but also support the nation's defense systems for years to come.

Factorial Solid-State Battery Cells Enable Extended Drone Range for Avidrone

Factorial Energy

Factorial solid-state battery cells achieved a milestone deployment as the US battery technology startup shipped its first FEST® (Factorial Electrolyte System Technology) lithium-metal battery cells to Canada's Avidrone Aerospace. The Factorial solid-state battery cells deliver up to 50% higher energy density compared to conventional lithium-ion batteries, enabling extended range capabilities for cargo drones in defense, commercial, and emergency response applications.

Revolutionary Energy Density Transforms Drone Performance

Factorial solid-state battery cells provide up to 50% greater energy density than conventional lithium-ion batteries, unlocking longer flight times, greater payload capacity, and expanded mission range. Initial modeling by Avidrone suggests that FEST® technology could double the range of its aircraft for a given payload, a transformational upgrade for drone-based delivery, surveillance, and emergency response. The proprietary FEST technology utilizes solid-state lithium-metal chemistry optimized for high-power, lightweight applications essential for next-generation unmanned aerial vehicles.

Meanwhile, Avidrone will integrate Factorial's solid-state cells into its high-endurance cargo drone platform for demonstration flights focused on evaluating energy efficiency, power discharge, payload capacity, and range under real-world operating conditions, including high altitudes, variable temperatures, and sustained vibrations. The testing program validates performance under operational stresses typical in tactical and industrial drone missions, providing critical data for commercial deployment.

Strategic Market Entry Addresses Defense Supply Chain Security

However, the partnership represents more than technological advancement, addressing growing demand for domestically sourced battery solutions in defense and aerospace sectors. "This delivery is a major step forward in bringing our battery platform to the skies," said Siyu Huang, CEO of Factorial. "Drones are not just an emerging market – they're a strategic priority for national defense, critical logistics, and infrastructure resilience". The US-based manufacturing platform supports defense requirements for secure, American-made energy storage solutions.

Therefore, Avidrone develops and manufactures unmanned rotorcraft which can lift payloads in excess of 50lbs over ranges of 50 miles and autopilot control systems for government, defense, and commercial applications. "In unmanned systems, weight equals range – and range defines the mission," said Scott Gray, Founder and CEO of Avidrone Aerospace. "Factorial's solid-state cells give us a critical edge in endurance and payload, unlocking new capabilities for defense, logistics, and beyond".

Expanding Market Opportunities Beyond Electric Vehicles

Furthermore, while Factorial maintains its commitment to electric vehicle markets through partnerships with Stellantis, Mercedes-Benz, and other automotive manufacturers, the drone sector represents a strategically aligned growth market.

Demand for high-performance, domestically developed batteries in drones presents an opportunity to engage early customers, accelerate manufacturing maturity, and apply critical performance feedback. These capabilities transfer directly to Factorial's EV roadmap while supporting defense sector requirements.

As a result, the global unmanned aerial systems market expansion provides substantial opportunities for advanced battery technologies. Market forecasts indicate drone sector growth of $36.1 billion between 2024 and 2028, with military applications alone projected to reach $65 billion by 2032. Factorial's entry positions the company advantageously within this rapidly expanding market while demonstrating practical applications for solid-state battery technology beyond traditional automotive applications.

The Metalnomist Commentary

Factorial's entry into drone applications demonstrates how solid-state battery technology can unlock transformational performance improvements in weight-critical applications, with the potential to double aircraft range representing a quantum leap in unmanned systems capabilities. The strategic timing aligns with growing demand for domestically sourced defense technologies, positioning Factorial to capture dual-use market opportunities while advancing its core electric vehicle technology through real-world aerospace validation.

Stonepeak to Acquire Forgital Group, Expanding Aerospace Components Portfolio

Forgital Group

Stonepeak, a prominent US-based investment firm, has reached an agreement to acquire Forgital Group, an Italy-based aerospace components manufacturer, from Carlyle, another US investment group. This acquisition, which is pending regulatory approvals, is expected to be finalized by the second quarter of 2025. While financial details of the transaction have not been disclosed, the deal marks a significant move for Stonepeak in expanding its presence in the aerospace and defense sectors.

Forgital Group: A Leading Aerospace Component Manufacturer

Forgital Group is known for its expertise in manufacturing seamless rolled rings and assembling fan modules, critical components used in commercial aerospace and defense applications. The company’s products serve as compressor and turbine discs in aircraft engines, which are vital for both performance and safety in modern aviation.

In addition to its aerospace offerings, Forgital serves a wide range of industrial markets, producing components from high-performance materials such as titanium, aluminum, and nickel-based alloys. With nine production facilities located across Italy, France, and the US, Forgital has a well-established footprint in the global manufacturing landscape.

Strategic Acquisition to Strengthen Aerospace Portfolio

The acquisition of Forgital Group fits within Stonepeak’s broader strategy to strengthen its portfolio in high-growth industries, particularly aerospace and defense. By adding Forgital’s specialized manufacturing capabilities, Stonepeak positions itself to capitalize on the increasing demand for advanced aerospace components, driven by both commercial aviation and defense sector needs.

Forgital's focus on high-performance materials, including titanium and nickel alloys, aligns with the growing demand for lightweight yet durable materials in the aerospace industry. These materials are essential for improving fuel efficiency and reducing emissions in aircraft, making them a key area of investment as the industry moves toward more sustainable technologies.

Regulatory Approval and Closing Timeline

The acquisition is still subject to regulatory review, with completion anticipated by the second quarter of 2025. Upon finalizing the deal, Stonepeak will integrate Forgital’s operations into its portfolio, expanding its capabilities in the aerospace components sector. The deal is poised to enhance Stonepeak’s position in a competitive market, which is increasingly driven by technological advancements and the push for more efficient aerospace manufacturing.

US Semiconductor Manufacturers Expand with CHIPS Act Funding

US Chip

The US Department of Commerce has allocated CHIPS Act funding to boost domestic semiconductor production. Companies Analog Devices, Coherent, IntelliEPI, and Macom will use this funding to increase manufacturing capacity, modernize facilities, and enhance the US semiconductor supply chain.

Investments in Key Semiconductor Companies

On January 16, the Department of Commerce announced preliminary funding agreements for four semiconductor manufacturers:

• Analog Devices will receive up to $105 million to expand mature node semiconductor manufacturing at its Oregon and Washington facilities. The investment will boost capacity by 70%, focusing on 180nm and 350nm process nodes. It will also expand module production at its Massachusetts facility for commercial, space, and defense applications.

• Coherent will receive up to $79 million to increase 150mm and 200mm silicon carbide (SiC) wafer production at its Easton, Pennsylvania facility. The expansion will add 750,000 substrates per year and double epitaxial wafer output, supporting energy and military applications.

• IntelliEPI will use $10.3 million to modernize its Allen, Texas facility, which produces epitaxy materials for indium phosphide, gallium arsenide (GaAs), gallium antimonide, and gallium nitride (GaN) wafers. These materials are essential for defense, AI, data centers, telecommunications, and automotive industries.

• Macom has announced a $345 million investment over five years, supported by up to $180 million in CHIPS Act funding, federal tax credits, and state funding. The company will modernize its Massachusetts and North Carolina wafer fabrication plants. Its Massachusetts facility will upgrade 100mm production lines for GaAs, GaN, and silicon materials and install 150mm GaN-on-SiC manufacturing. In North Carolina, Macom will develop 150mm wafer production and expand metal-organic chemical vapor deposition (MOCVD) epitaxial growth.

Strengthening the US Semiconductor Supply Chain

The CHIPS Act investments will expand domestic semiconductor production, ensuring a more resilient supply chain for key industries such as automotive, defense, telecommunications, and AI. These companies will also benefit from the Advanced Manufacturing Investment Tax Credit, which covers 25% of qualified capital expenditures.

By scaling up domestic semiconductor manufacturing, the US aims to reduce dependence on foreign suppliers and strengthen its position in advanced technology sectors.

ReElement South African Antimony Contract Extension Strengthens Defense Supply Chain

ReElement

ReElement South African antimony contract received a significant extension as American Resources and its subsidiary ReElement Technologies expanded their existing five-year antimony agreement to ten years with an undisclosed South African mineral supplier. The ReElement South African antimony contract extension positions the US company to process 500 metric tonnes monthly of stibnite ore initially, with expected revenues of at least $29 million annually from contracted volumes, addressing critical supply chain vulnerabilities following China's antimony export restrictions.

Strategic Timing Capitalizes on Chinese Export Restrictions

ReElement South African antimony contract expansion comes at a critical juncture following China's December 2024 ban on antimony exports to the United States, alongside germanium and gallium restrictions. The partnership initially targets 1,000 metric tonnes per month of antimony-bearing ore with potential for significant volume expansion based on market demand and offtake agreements. ReElement confirmed the ore quality exceeds 50% antimony concentration, indicating high-grade material suitable for defense and commercial applications.

Meanwhile, ReElement demonstrated advanced refining capabilities achieving greater than 99.7% pure antimony(III) sulfide from antimony ore at its central Indiana facilities. The company will process stibnite ore into ultra-pure antimony(III) sulfide or antimony(III) oxide using proprietary refining technology. These compounds serve critical applications in ammunition production, missile manufacturing, flame retardants, batteries, and solar panels across defense and commercial sectors.

Market Fundamentals Support Long-Term Growth Strategy

However, the global antimony(III) oxide market provides substantial growth opportunities with 2023 valuations reaching approximately $852 million. Market analysts project compound annual growth rates of 4.9% through 2034, potentially reaching $1.43 billion total market value. Antimony trisulfide applications in military ammunition and antimony trioxide usage in flame retardants drive sustained demand across defense and commercial markets.

Therefore, the ten-year agreement with automatic renewal provisions supports long-term supply agreements while generating stable revenue streams for ReElement's operations. Initial tolling revenues from the first phase are projected to exceed $29 million annually, with substantial growth potential aligned with rising domestic demand for critical minerals. The extended contract duration delivers enhanced value for all stakeholders including commercial and defense customers requiring secure antimony supplies.

Domestic Processing Capabilities Address National Security Priorities

Furthermore, ReElement's antimony refining expansion aligns with broader US critical minerals supply chain security initiatives. The company operates as part of American Resources Corporation's integrated approach to critical mineral processing, focusing on rare earth elements, lithium, and now antimony refining capabilities. ReElement's Marion, Indiana facility provides the foundation for scaling antimony operations while evaluating additional domestic and international processing sites.

As a result, the partnership addresses urgent national security requirements for domestically produced antimony compounds essential to defense applications. Mark Jensen, CEO of American Resources and ReElement, emphasized the strategic importance: "China's recent ban on exports of antimony, germanium and gallium accelerated this opportunity, allowing us to showcase the versatility, scalability and flexibility of our technology on a global scale - filling the supply gap now present in the United States and other allied nations."

The Metalnomist Commentary

ReElement's antimony contract extension exemplifies how US critical minerals companies capitalize on Chinese export restrictions to establish alternative supply chains, particularly important given antimony's essential role in defense applications where supply security outweighs cost considerations. The partnership's focus on high-grade South African ore combined with domestic processing capabilities creates a vertically integrated approach that addresses both economic and national security objectives in the evolving critical minerals landscape.

Almonty Tungsten Revenue Stable at C$7.9 Million Despite US Relocation Costs

Almonty

Almonty tungsten revenue increased modestly by 1% to C$7.9 million in Q1 despite significant relocation expenses related to US incorporation. The Canadian tungsten miner's Almonty tungsten operations demonstrated resilience with mining income rising 24% to C$752,000, primarily driven by increased production at the Panasqueira mine in Portugal while managing substantial corporate restructuring costs.

Production Growth Offsets Corporate Restructuring Impact

Almonty tungsten mining operations delivered improved operational performance despite challenging circumstances. Income from mining activities increased 24% to C$752,000, reflecting enhanced production efficiency at the company's Portuguese Panasqueira facility. However, operating expenses more than doubled from C$4.3 million to C$9.5 million, primarily due to costs associated with the US incorporation process.

Meanwhile, the company reported a substantial C$34.6 million loss compared to C$3.8 million in 2024, largely attributed to non-cash losses from equity value changes during US incorporation. Almonty initiated this strategic relocation in January to enhance competitiveness in global tungsten and molybdenum markets, positioning itself closer to key North American defense contractors and technology companies.

Sangdong Project Drives Future Growth Expectations

However, Almonty tungsten prospects improve significantly with the approaching Sangdong project production in South Korea. The company secured a comprehensive offtake agreement in January, selling 100% of Sangdong Molybdenum project output to South Korean ferro-molybdenum producer SeAH. This strategic partnership provides guaranteed revenue streams and eliminates marketing risks for the high-grade molybdenum operation.

Therefore, the Sangdong facility represents a transformative asset for Almonty's production portfolio and revenue diversification strategy. South Korea's established metals processing infrastructure and SeAH's long-term commitment create optimal conditions for sustained project success. The molybdenum market's strong fundamentals support premium pricing for high-quality concentrate production.

Defense Applications Strengthen Market Position

Furthermore, Almonty secured critical defense sector contracts that demonstrate tungsten's strategic importance. The company signed a binding three-year agreement with Tungsten Parts Wyoming (TPW) to supply 40 metric tonnes monthly of tungsten oxide for defense applications. This contract provides stable revenue streams while supporting US national security supply chain objectives.

As a result, tungsten demand continues expanding in defense and technology sectors due to the metal's exceptional properties. Tungsten carbide applications in cutting tools leverage the material's high melting point and hardness for machining operations. Growing defense spending and advanced manufacturing requirements create sustained demand for reliable tungsten suppliers like Almonty.

The Metalnomist Commentary

Almonty's strategic US relocation, despite near-term costs, positions the company advantageously for North American defense and technology market access while the Sangdong project provides substantial production growth potential. The combination of established Portuguese operations, emerging South Korean molybdenum production, and secured US defense contracts creates a diversified revenue base supporting long-term tungsten market leadership.

Enovix Targets Defense Industry Growth Amid Rising Demand for Secure Battery Supply Chains

Enovix

US-Based Battery Maker Leverages Allied Supply Chain Compliance for Competitive Edge

Drone and Defense Sector Inquiries Rise Post-Election

Enovix, a US-based battery manufacturer, is actively pursuing growth in the defense industry as it seeks to capitalize on its robust supply chain and technological strengths. The company reported a $222 million loss in 2024, widening from the $214 million loss in 2023, but sees clear momentum in new market opportunities.

Defense Sector Interest Accelerates Revenue Shift

A significant portion of Enovix's 2024 revenue now comes from conventional graphite battery products supplied to the defense sector. According to CEO Raj Talluri, the firm is prioritizing segments with acute battery constraints or supply chain requirements that play to Enovix’s strengths. Although Enovix remains committed to its core markets in smartphones, wearables, and laptops, the company is adapting to shifting demand.

Following the US elections in November, Enovix observed a marked increase in interest from drone manufacturers and defense suppliers searching for battery solutions that meet allied-country supply chain requirements. These requirements have become critical amid global security concerns and evolving trade policies.

Global Production Footprint Shields Against Trade Headwinds

Enovix manufactures batteries in South Korea and Malaysia, with research and development based in India. Talluri noted that both manufacturing locations are highly favorable for US-bound shipments, minimizing exposure to international trade friction. This diversified production base provides Enovix with stability and ensures compliance with allied procurement standards—a crucial advantage for defense-related contracts.

The company’s evolving strategy highlights a broader shift as defense customers demand not just advanced battery technology, but also secure, traceable supply chains. Enovix’s positioning in this arena could be key to offsetting continued financial losses and unlocking future growth.

Boeing Defense leadership change: Steve Parker to lead BDS

Boeing Defense: Steve Parker

Boeing confirmed a Boeing Defense leadership change as Steve Parker becomes chief executive of BDS. The Boeing Defense leadership change follows months of interim stewardship and aims to stabilize costs. This Boeing Defense leadership change arrives as defense programs face schedule pressure and metals-intensive supply challenges.

Profitability and backlog under scrutiny

BDS returned to profit in Q1 2025 with $155mn. However, fixed-price contracts still pressure margins across complex platforms. The unit delivered 26 military aircraft, up from 14 a year earlier. Meanwhile, backlog stands near $62bn, supporting visibility into late decade.

Labor talks and supply chain implications

Parker must quickly resolve talks with 3,200 IAMAW machinists. Otherwise, a strike after 27 July could disrupt Missouri and Illinois lines. As a result, tier-1 and tier-2 suppliers may face rescheduling. Titanium, aluminum, composites, and avionics vendors should prepare contingency plans.

Boeing cites Parker’s operations background to improve execution. Therefore, manufacturing, quality, and program controls will likely tighten. Upstream metals procurement may shift to multi-sourcing and longer contracts. That shift could reduce volatility for aerospace-grade plate and forgings.

Winning the F-47 design contract strengthens BDS pipeline. Meanwhile, schedule discipline will be critical to control rework and waste. Suppliers should expect stricter cost baselines and delivery gates. Digital thread adoption could accelerate across machining, heat treatment, and finishing.

The Metalnomist Commentary

Leadership stability often precedes tougher supplier KPIs and longer-dated metal commitments. Expect firmer call-offs for titanium and aluminum, and closer oversight of special processes. Programs that execute cleanly will secure share as backlogs convert to cash.

Enovix Expands into Asia with Strategic South Korea Acquisition

Enovix

US-based battery technology company Enovix has announced the acquisition of a battery cell manufacturing facility in South Korea.

The move marks a strategic expansion aimed at addressing rising demand from the defense sector, a key target market for advanced energy storage solutions. The facility was acquired from SolarEdge, an Israeli energy technology firm. Though the financial terms remain undisclosed, the acquisition includes both the physical plant and essential development and production equipment.

Silicon-Anode Battery Production to Scale Up

Enovix specializes in silicon-anode lithium-ion batteries, known for higher energy density and longer life cycles than traditional graphite-based cells. With this new manufacturing footprint in Asia, the company aims to accelerate production to meet growing military and industrial needs. The South Korean facility will allow Enovix to scale its output more efficiently and closer to global clients in Asia-Pacific, enhancing both delivery timelines and cost efficiency. This acquisition reflects a broader trend of American tech firms diversifying production locations amid geopolitical and supply chain pressures.

Broader Market Implications for Defense and Energy Storage

The defense industry has increasingly turned to high-performance lithium-ion batteries to power advanced systems, from drones to tactical communications. Meanwhile, South Korea remains a global battery production hub, home to major players like LG Energy Solution and Samsung SDI. Enovix’s entry into this ecosystem may also signal potential partnerships or talent acquisitions in one of the world’s most competitive battery markets. By localizing part of its manufacturing, Enovix not only enhances capacity but also strengthens its resilience against future disruptions in the US-China technology corridor.

The Metalnomist Commentary

Enovix’s move into South Korea highlights a strategic pivot toward regionalized production to support defense-grade lithium-ion batteries. As demand spikes for high-energy-density storage solutions, this acquisition strengthens the company’s hand in a competitive and geopolitically sensitive industry. For metals suppliers and cell integrators, it also signals growing urgency to align with agile, dual-continent battery players.

Stryten to Expand Energy Storage Capacity to 24 GW/yr

Stryten Energy

Stryten Energy expands U.S. battery manufacturing to 24 GW/yr, strengthening grid storage and national defense readiness.

New Capacity Strengthens U.S. Energy Independence

Stryten Energy will expand its domestic battery manufacturing to 24 GW/yr, reinforcing U.S. energy resilience for critical sectors. The company is adding 10 GW/yr of new energy storage production, bringing total capacity across multiple states. These include existing facilities in Pennsylvania, New York, Indiana, Missouri, Wisconsin, and a new lithium battery plant in Georgia.

The move comes as the U.S. government pushes for greater localization of energy storage supply chains for national security and energy transition goals.

Applications Span Defense, Grid Storage, and Industry

Stryten batteries serve military, government, data centers, automotive, material handling, and grid storage sectors. The capacity boost ensures supply for high-priority applications, including mission-critical defense and infrastructure operations. This investment aligns with ongoing public-private energy security initiatives and increases resilience across the U.S. energy ecosystem.

The expansion is supported by the advanced manufacturing production tax credit, helping incentivize capital investments in domestic clean tech.

The Metalnomist Commentary

Stryten’s expansion confirms that U.S. battery capacity growth is no longer driven solely by EV demand. National security, grid stability, and industrial continuity now anchor the battery sector’s relevance — and future growth path.

Elmet and Taniobis Partner to Strengthen North American Niobium and Tantalum Alloy Supply

Elmet Niobium

Strategic Alliance to Bolster Aerospace and Defense Supply Chains

Elmet Technologies and Taniobis have entered a long-term partnership to enhance North American supply lines of niobium- and tantalum-based alloys essential to aerospace and defense industries. The collaboration will initially focus on producing and marketing C-103 and FS-85 alloys, primarily in powder form, with potential expansion into Taniobis’ AMtrinsic product line.

The deal provides US-based Elmet with an opportunity to broaden its product portfolio beyond molybdenum and tungsten, leveraging its manufacturing capabilities, including an extrusion press in Coldwater, Michigan. Germany-based Taniobis gains access to Elmet’s North American distribution network and technical expertise, ensuring faster delivery and greater production flexibility for regional customers.

Alloy Applications and Market Potential

C-103, composed of 89% niobium, 10% hafnium, and 1% titanium, is highly valued for maintaining strength at extreme temperatures. It is widely used in hypersonic missile components, rocket nozzles, and jet engine afterburners. FS-85, consisting of 61% niobium, 28% tantalum, 10% tungsten, and 1% zirconium, offers similar mechanical performance at a lower cost by omitting hafnium.

However, FS-85 adoption faces hurdles due to its heavier weight and aerospace customers’ preference for proven materials. Elmet highlights FS-85’s higher ultimate tensile strength compared to C-103, positioning it as a potential alternative in cost-sensitive applications.

Outlook for Advanced Alloy Supply Security

The partnership underscores the importance of diversifying alloy supply sources in North America amid rising geopolitical pressures on critical minerals. Niobium and tantalum are both considered strategic materials due to their scarcity, high performance, and reliance on limited global production sources.

With aerospace and defense demand expected to rise, the Elmet–Taniobis alliance could play a pivotal role in mitigating supply chain risks and advancing domestic manufacturing capabilities for high-performance alloys.

The Metalnomist Commentary

This partnership aligns with broader efforts to secure critical mineral supply chains for strategic industries. If FS-85 gains traction, it could reshape alloy procurement strategies in aerospace and defense, offering a cost-effective alternative to established high-performance materials.

Ucore Secures $18M DOD Grant to Expand U.S. Rare Earth Separation Plant

Ucore Rare Metals

Strategic Metals Complex to Process Key REEs by 2026

Ucore Rare Metals has received $18.4 million from the U.S. Department of Defense to expand its rare earth separation plant in Louisiana, significantly advancing domestic REE processing capabilities. The Focus Keyphrase "Ucore rare earth separation plant" reflects the facility’s rising strategic value amid efforts to reduce U.S. dependence on Chinese supply chains.

This funding increases a previous $4 million agreement with the U.S. Army Contracting Command and will support Phase II development of the Louisiana Strategic Metals Complex (SMC) in Alexandria. The plant aims to commercially separate six critical rare earth elements — including neodymium, praseodymium, and dysprosium — all of which are vital for defense and clean energy technologies.

Kingston Prototype Expansion and Commercial Scale-Up

The DOD grant also backs the expansion of Ucore’s REE separation prototype facility in Kingston, Ontario, enhancing the company’s technical foundation for scaling commercial operations. Together, the Louisiana and Ontario sites will form an integrated North American rare earth supply chain.

Ucore’s SMC facility will process both light and heavy rare earth oxides at commercial volumes. These include materials used in permanent magnets for electric vehicles, wind turbines, and military applications. The company plans to begin construction and initial production in the second half of 2026.

Strengthening U.S. Rare Earth Independence

This investment demonstrates the U.S. government’s commitment to de-risking critical mineral supply chains, especially in response to China's tightening export controls on rare earths. Ucore’s project is one of the few in North America capable of separating multiple rare earth elements at commercial scale.

The development aligns with national defense priorities and the Inflation Reduction Act’s push to localize materials essential to the energy transition and strategic manufacturing.

The Metalnomist Commentary

Ucore’s rare earth separation plant, backed by the Department of Defense, signals a decisive step toward reshoring high-value critical mineral processing. With construction slated for 2026, the SMC could become a cornerstone of U.S. rare earth independence in an increasingly geopolitically charged market.

Magellan Aerospace Signs MoU for Sand Casting Joint Venture in India

Magellan Aerospace

Partnership with Aequs targets aerospace demand growth and localized metal casting capabilities in South Asia.

Magellan Aerospace, a Canada-based aerospace components manufacturer, has signed a memorandum of understanding (MoU) with Aequs, an Indian aerospace parts producer, to explore a joint venture for establishing a sand casting facility in Karnataka, India.

The proposed plant would be located in the Belagavi Aerospace Cluster, a fast-growing manufacturing hub in southern India. The project aims to support both commercial aerospace and defense sectors, though production capacity and investment figures have not been disclosed.

Sand Casting to Serve Global and Domestic Aerospace Demand

Magellan currently operates sand casting facilities in North America, producing aluminum and magnesium alloy components used in aircraft engines and structural parts. This casting method is ideal for complex aerospace shapes, allowing molten metal to set in sand molds before undergoing machining and finishing.

The collaboration would bring Magellan’s casting expertise to India, while leveraging Aequs’s established capabilities in forging, machining, and structural assemblies. Aequs counts Boeing, Airbus, and Safran among its global customers and has operations in Texas and France, in addition to India.

India’s Aerospace Ambitions Drive Investment in Metals and Manufacturing

This partnership reflects India’s rising importance in the global aerospace supply chain, with Boeing and Airbus forecasting the region’s fastest air traffic growth. India’s government continues to incentivize domestic manufacturing, making it a strategic location for metal-intensive aerospace component production.

In a related development, PTC Industries added titanium ingot capacity in January and announced plans for a titanium sponge facility, reinforcing India's push to become a vertically integrated aerospace metals hub.

As global OEMs seek regional supply resilience, ventures like Magellan-Aequs signal a shift toward localized, high-value manufacturing of critical components.