EconomyAustralian Scandium Miner Soars After $400M US Investment

Sunrise Energy Metals has obtained $400 million in long-term debt financing from the Pentagon to increase its scandium output. The rare earth element is described as essential to aerospace and defense applications. The transaction highlights Washington’s effort to diversify supply chains away from China. CEO Sam Riggall is discussing the implications for the company on Bloomberg: The Asia Trade.