Newsss...... The Pentagon sent Congress a legislative proposal...

Newsss......


The Pentagon sent Congress a legislative proposal in May that would raise spending caps under the Defense Production Act to enable the government to spend up to US$1.75 billion on rare earth elements in munitions and missiles and US$350 million for microelectronics.
And in April, the US government awarded contracts for heavy rare earth mineral separation and issued solicitations for the processing of light separation and for neodymium magnets, which are used in Javelin missiles and F-35 fighter jets.
Rare earth minerals are also used to make armored vehicles, precision-guided weapons, batteries and night-vision goggles.
Under current law, the Defense Department cannot invest more than US$50 million in funds from the Defense Production Act without additional congressional notification, but the Pentagon’s legislative proposal would raise this cap to US$350 million.