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More Defense Spending Will Drive Critical Minerals Demand
With the United States becoming less involved in NATO affairs, it’s forcing European nations to become more reliant in bolstering their defensive capabilities. This leads to increased defense spending, which could drive up demand for critical minerals. “With deglobalization weakening economic ties and the U.S. retreating from past military commitments, global defense spending has been rising sharply as geopolitical tensions intensify and strategic alliances recalibrate across regions,” said Sprott Asset Management market strategist Paul Wong in a Sprott Critical Minerals Report. “While global military ... (full story)
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