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Market Signal: Critical Materials

The defense programs behind the $450 million Elmet investment

Published September 17, 2026 / U.S. tungsten supply chain

The U.S. government has committed up to $450 million to The Elmet Group to expand domestic tungsten mining, processing and manufacturing capacity.

More than $165 million is intended for Elmet's facilities in Maine, Michigan and Ohio, while approximately $150 million will support the restart of the Springer tungsten complex in Nevada.

$450M

committed U.S. government investment

>$165M

intended for three U.S. facilities

~$150M

planned for the Springer complex

Where the capability already appears

Selected first-tier subcontract records, FY2021-FY2025

Mimir's FY2021-FY2025 data shows where some of this material and manufacturing capability already enters the defense industrial base. Records associated with Elmet and the former H.C. Starck operations include:

THAAD

Solid-tungsten forecone and nosetip assemblies and shroud ballast

GPS III and Next Gen OPIR

Housings, shields and structural panels

Trident II D5LE2

Niobium-alloy powders

Next Generation Interceptor

Chassis and panel work

AMRAAM

Precision-machined components under production contracts

More than additional tungsten supply

01

Mining

Additional domestic feedstock

02

Processing

Expanded U.S. material capacity

03

Components

Existing program-specific positions

04

Priority

Emergency access to funded capacity

Government priority during defined emergencies

The investment agreement also allows the government, under defined national-defense or emergency conditions, to designate up to 100% of the production capacity created by the funded projects—taking priority over affected commercial commitments.

The investment therefore does more than expand tungsten supply. It expands upstream capacity around a supplier whose existing components already support missile defense, military space and strategic-weapons programs.

Sources and notes

The Elmet Group investment announcement, Elmet SEC filing, Elmet acquisition of H.C. Starck Solutions Americas, USAspending, FPDS and Mimir Data Platform and Modeling.

Mimir analysis of positive, adjusted first-tier subcontract records, FY2021-FY2025. Records include current Elmet CAGEs and legacy H.C. Starck CAGEs associated with the U.S. operations acquired by Elmet in 2023. Program positions are selected examples and do not represent the company's complete customer or product portfolio.

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