Pentagon Invests $150 Million in Atlantic Alumina for Gallium Production
The U.S. Department of Defense has invested $150 million in Atlantic Alumina Co. to establish gallium production in Gramercy, Louisiana, as part of a $450 million initiative to increase alumina output and create 500 jobs. This facility will be the only U.S. producer of gallium, addressing reliance on Chinese supply and enhancing domestic production capabilities in the aerospace and defense sectors. The investment also aims to tackle environmental concerns, with additional funding from Concord Resources Holdings and Pinnacle Asset Management.
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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.
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