US awards NioCorp unit $10 million to build scandium supply chain in Nebraska
1. U.S. DoD awarded $10 million to Elk Creek Resources for scandium supply chain. 2. This funding aims to reduce reliance on China for critical minerals.
FAQ
Why Bullish?
Investments in domestic mineral supply chains may improve market stability and opportunities for NB, recalling how similar shifts benefited lithium and cobalt stocks during previous funding events.
How important is it?
The focus on domestic mineral production could translate to increased demand for companies engaged in critical minerals, which may positively influence NB's market positioning.
Why Long Term?
The strategic development of a scandium supply chain could take time to materialize but represents a potential growth area for companies like NB in future industries like batteries and aerospace.