In response to escalating geopolitical competition over critical mineral supply chains, REalloys Inc. appoints Stephen S. duMont, president of GM Defense, as non-executive chairman of the board. The company aims to establish a North American rare earth pipeline, prioritizing independence from Chinese processing capacity and aligning with allied defense modernization efforts. Mr. duMont’s three decades of defense, aerospace, and national security experience will drive this strategic goal. REalloys focuses on vertical integration of rare earth elements for defense and commercial products, recently securing offtake agreements with Critical Metals Corp. and St George Mining Limited. The company aims to reinforce Western security and economic autonomy through its “no Chinese nexus” supply chain strategy. The appointment of Mr. duMont and executive transitions reflect REalloys’ commitment to aligning commercial growth with national defense priorities within the U.S.-Canadian economic framework. Other key players in the critical minerals market like General Motors, MP Materials, Albemarle Corporation, Freeport-McMoRan, BHP Group, Rio Tinto Group, Newmont Corporation, Lithium Americas Corp., and Critical Metals Corp. are also influencing the landscape. These companies are crucial in securing raw materials for advanced technologies, driving the global energy transition, and ensuring national security. Their strategic investments and operations reflect a broader push for self-reliance and supply chain resilience in the critical minerals sector, supporting economic development and industrial competitiveness within Western nations.

Read more at Yahoo Finance: Defense Heavyweight Joins Critical Mineral Effort