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The U.S. Department of Defense invested $150 million in Atlantic Alumina Co. in Gramercy, Louisiana to establish gallium production, a critical mineral for military equipment. This investment is part of a $450 million plan to boost alumina production to 1 million pounds and create 500 jobs.

The facility will be the only U.S. producer of gallium, currently reliant on China for supply. The investment will address environmental issues and enhance domestic production capabilities in aerospace and defense sectors. The partnership involves Concord Resources Holdings and Pinnacle Asset Management, contributing a combined $300 million.