✉news BusinessStartups first seen 23 h ago, last 12 h ago, peak #2
Pentagon and Toyota back startup to cut China iron reliance
Original: The Pentagon- and Toyota-backed startup trying to cut US reliance on China iron
A startup backed by the Pentagon and Toyota is working to reduce US dependence on China for iron, according to Nikkei Asia. The company is part of a broader effort to rebuild domestic supply chains for critical industrial materials, with defense and automotive industry backing underlining the strategic stakes. Details about the company, its technology and the scale of its operations remain limited in the reporting so far.
Why now: Ongoing US-China strategic competition over supply chains for critical materials keeps this story in the news
PentagonToyotaNikkei AsiaChinaUnited States
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