A remote Australian town will become a "cornerstone" of the Western supply of scandium, a rare earth needed for defence, planes and data centres, miner Sunrise Energy Metals said on Saturday after a $400 million US pledge.
The Pentagon announced a $400 million conditional loan commitment to Sunrise to build the world's first primary mine for scandium, of which China dominates supply and processing, at a meeting between President Donald Trump and mining executives in Washington.
