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Australian Scandium Miner Soars After $400M US Investment
Sunrise Energy Metals has secured $400 million in long-term debt financing from the Pentagon to expand production of scandium, a rare earth element vital to aerospace and defense.
The deal underscores Washington's push to diversify supply chains away from China. Sunrise Energy Metals CEO Sam Riggall joins "Bloomberg: The Asia Trade" to discuss what this means for their business.
(Source: Bloomberg)
Source: Bloomberg MarketsOriginal source
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