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Secretary ties industrial capacity to national security, cites DoD equity stake in rare-earth processing
Summary
The secretary linked lost manufacturing capacity and supply-chain concentration to national security risks and noted the Department of Defense has taken an equity stake in a rare-earth processor to help secure supplies.
The U.S. secretary told reporters that restoring certain industrial capabilities and diversifying supply chains are issues of national security as well as jobs, and cited recent action by the Department of Defense to secure rare-earth processing capacity.
"We've lost our ability to make pharmaceuticals in The United States and become heavily dependent on foreign supply…
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