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US Dept. of War backs $1B project with Phoenix Tailings to rebuild US rare earth supply chain.

Market News
30 Jun 2026
Globe News Wire
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Bullish
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The US Department of War's Office of Strategic Capital has conditionally committed $500 million to Phoenix Tailings for building the Freedom Facility, a $1 billion initiative to restore America's rare earth processing capabilities. This plant will produce critical rare earth metals domestically, reducing reliance on foreign sources and enhancing national security. The facility, planned to open by 2028, will use advanced, environmentally safer technology to process a wide range of raw materials. This investment aims to create a resilient, fully integrated supply chain for rare earths essential to US defense and technology sectors.

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Reactive hot melt adhesives market to reach $4.29B by 2035, driven by automotive and furniture demand.

Reactive hot melt adhesives market to reach $4.29B by 2035, driven by automotive and furniture demand.

The global reactive hot melt adhesives market is projected to grow from $2.02 billion in 2025 to $4.29 billion by 2035, at a CAGR of 7.72%. Growth is driven by regulations limiting solvent-based adhesives, increased use of polyurethane adhesives in a...

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Global automotive microcontrollers market to reach $34.31B by 2035, driven by ADAS, electrification, and software-defined vehicles.

Global automotive microcontrollers market to reach $34.31B by 2035, driven by ADAS, electrification, and software-defined vehicles.

The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...

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CHARBONE expands helium fleet amid global shortages, boosting North American supply and customer base.

CHARBONE expands helium fleet amid global shortages, boosting North American supply and customer base.

CHARBONE Corporation has increased its helium delivery fleet from one to five units to meet rising demand caused by global helium supply disruptions, notably from Qatar. This expansion supports North American customers in sectors like semiconductors ...

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Citi initiates buy on Hikma Pharmaceuticals with a £17 target, citing strategic reset and growth potential.

Citi initiates buy on Hikma Pharmaceuticals with a £17 target, citing strategic reset and growth potential.

Citi has started coverage of Hikma Pharmaceuticals with a 'buy' rating and a £17 price target, highlighting the company's strategic shift towards differentiated products and US manufacturing investments. The broker sees a 14% potential share price re...

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Xenon Pharmaceuticals advances with strong Phase 3 epilepsy data, eyeing NDA filing in 2026.

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