US Defense Agency Seeks to Buy Up to $300 Million of Lithium

The US Department of Defense is purchasing up to $300 million of lithium to include in its national defense stockpile for the first time. This initiative aims to reduce supply risks associated with critical minerals. This strategic shift by the DoD reflects a broader effort to secure essential resources, which is expected to influence global supply chains and market dynamics as the nation prioritizes the stability of its critical mineral reserves for national security.