reuters.com

Lockheed Seeks U.S. Scandium Supplies Through Preliminary NioCorp Deal After Trump Push

Lockheed Martin logoLockheed Martin
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NioCorp Developments logoNioCorp Developments
Sig3.03Sen+4.12Env0.00Soc0.00Gov0.00

NioCorp Developments signed a preliminary deal to supply Lockheed with 15 metric tons per year of scandium, a rare earth used in lightweight, corrosion-resistant aircraft alloys. The metal would come from a Nebraska mine slated to open in 2028. The volume is about a quarter of global scandium demand as the U.S. pushes for long-term critical-mineral supply amid tighter China export controls.

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