What Does the Pentagon's $500 Million Scandium Investment Mean for Australian Mining?

What does the Pentagon's $500 million scandium investment mean for Australian Mining?

Image: icholakov/stock.adobe.comThe United States has announced a $560 million investment in Sunrise Energy Metals’ Syerston scandium project in New South Wales – representing a major boost for Australia’s critical minerals sector. As announced by The Sydney Morning Herald and the ABC, the funding will support development of what Sunrise said will be the world’s first primary scandium mine. The US Department of War will also receive a right of f…

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Why the Pentagon is suddenly interested in a tiny town in NSW

Scandium is a crucial component for aerospace technology.F-35A Lightning II flypast and display for 2023 Territory Day at Mindil Beach, Darwin.Photo: Trung Nguyen. Robert Monterosso, Research Fellow, United States Studies Centre, University of Sydney The town of Fifield near Parkes is about a six-hour drive west of Sydney, and at the last census was home to about 130 people. Now, the town has found itself at the centre of a major strategic play …

Why the Pentagon is suddenly interested in a tiny NSW town

By Robert Monterosso, Research Fellow, United States Studies Centre, University of Sydney The town of Fifield near Parkes is about a six-hour drive west of Sydney, and at the last census was home to about 130 people. Now, the town has found itself at the centre of a major strategic play by the United States Government. The US Department of War has committed to make a conditional loan of US$400 million (about A$566 million) to Sunrise Energy Met…