Lockheed seeks US mineral supplies after Trump supply-chain push, sources say

Mining08-04

Lockheed Martin is in talks to buy supplies of two critical minerals from U.S. mines, two sources familiar with the discussions said, as President Donald Trump pressures defense contractors to cut ...

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As China has tightened controls on critical minerals exports in recent years, Trump has pressured Lockheed and its peers to support U.S. mines with long-term supply deals.\nLast month, he signed an executive order making it harder for defense contractors to obtain waivers that ⁠had allowed them for years to buy minerals from China and other prohibited foreign suppliers.\nThat order has highlighted how far behind U.S. miners and processors are in their race to match China’s market dominance, even as dozens of U.S. projects for a range of minerals are under development, Reuters reported last week.\nColorado-based NioCorp Developments has signed a preliminary deal to supply Lockheed with 15 metric tons per year of scandium, one of the 17 rare earths that can be used to make lightweight, corrosion-resistant alloys for aircraft, according to a source familiar with the agreement and details seen by Reuters. These have not been previously reported.\nNioCorp will supply the metal from its Nebraska mine, slated to open by 2028 with annual production of 100 metric tons.\nThe agreement would need to be finalized, although the two companies have an existing relationship as part of a Pentagon-funded research program.\nThe contracted volume would be roughly a quarter of global scandium demand, which the U.S. Geological Survey estimates at about 60 metric tons and rising.\n“Both companies recognize how important scandium has become to the future of American defense technology,” said Mark Smith, NioCorp’s CEO.\nLockheed said it appreciated “the work NioCorp is doing to establish ‌a domestic source ⁠of scandium.”\nThe U.S. has not mined scandium since 1969. Rio Tinto (ASX: RIO) is the only North American scandium producer, with capacity to produce roughly nine metric tons annually.\nGermanium negotiations \nSeparately, Lockheed is in talks with Teck Resources for a supply of germanium, used to make infrared sensors and other military equipment, a second person familiar with those negotiations said.\nTeck mines and produces a zinc and germanium concentrate from its Red Dog mine in Alaska. That concentrate is then smelted in British Columbia and the two metals are separated.\nTeck does not break out its annual germanium production but has called itself the largest North American producer and fourth-largest globally. The USGS estimates that ⁠global germanium consumption is roughly 60 metric tons annually and rising.\nThe U.S. imports more than half of its germanium needs.\nLockheed is also in germanium supply talks with Quebec-based 5N Plus (TSX: VNP), which earlier this year received Pentagon funding to process the metal from recycled feedstock in Utah, the second source added.\n“What Lockheed basically wants is a long-term supply chain security,” according to the second source. “Because they are under pressure, so they really want to ⁠know if the supply is coming from China or elsewhere.”\nNegotiations with both Teck and 5N have been going on for more than a year. Pricing and the length of the contracts have been sticking points, according to the source.\nRepresentatives for 5N were not immediately available to comment. Teck declined to comment on specific commercial agreements, but said it has agreed to work with the Canadian ⁠government to increase germanium processing in British Columbia.\nAsked about the germanium discussions, Lockheed said it continuously assesses “the global critical minerals supply chain to ensure access to materials that support our customers’ missions.”\nChinese critical minerals prices have for years been cheaper than those from Western sources due to differences in mining practices, regulatory standards and other factors. Reuters reported earlier this year that Western governments are trying to set regional minerals prices free from Chinese interference.\n(Reporting by Ernest Scheyder in Houston and Divya Rajagopal in Toronto; Editing by Veronica Brown and Sanjeev Miglani)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2657598400","isCrawlerRequest":true}