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Why it's worth your time

The single largest move on the board today (+32.8% on 41.5x average volume) and the only one with nothing to do with AI. A committed government investment of this size in tungsten capacity is a critical-materials onshoring datapoint, not a defense-contractor headline: tungsten sits upstream of armour, penetrators, cutting tools and semiconductor interconnect, and the US has had essentially no domestic primary supply for years. Worth reading because it prices a supply chain the desk tracks only as a trace lane, on a day its own lane closed -5.2% with 2 of 12 up — the award is company-specific, not sector weather. Provenance caveat: the $450M figure and the Department of War attribution come from a market-data overview page, not from a captured issuer release or contract notice; treat the number as reported-not-verified until the primary document is on disk.