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AMG opens $15M chrome metal plant, becoming sole US producer, boosting critical material supply chain.

Company Fundamentals
17 Jun 2026
GlobeNewsWire
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Bullish
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AMG Critical Materials has launched a new $15 million chrome metal production facility in New Castle, Pennsylvania, making it the only chrome metal producer in the United States. This facility, with an annual capacity of 6,500 tons, addresses the US's previous complete reliance on imports for chrome metal, a key material in aerospace, clean energy, and advanced alloys. The move strengthens domestic supply chains and national security by providing a critical material essential for jet engines, rockets, and clean energy technologies. AMG's investment is part of a broader $400 million commitment to US operations, supporting critical material production and manufacturing resilience.

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