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Australian Scandium Miner Soars After $400M US Investment

Bloomberg Markets Tuesday 11 August 2026, 04:32 UTC 1 min read
Key Points

Aug 11th, 2026 Australian Scandium Miner Soars After $400M US Investment Sunrise Energy Metals has secured $400 million in long-term debt financing from the Pentagon to expand production of scandium, a rare earth element vital to aerospace and defense. The deal underscores Washington's push to diversify supply chains away from China. Sunrise Energy Metals CEO Sam Riggall joins "Bloomberg: The Asia Trade" to discuss what this means for their business.

Aug 11th, 2026 Australian Scandium Miner Soars After $400M US Investment Sunrise Energy Metals has secured $400 million in long-term debt financing from the Pentagon to expand production of scandium, a rare earth element vital to aerospace and defense. The deal underscores Washington's push to diversify supply chains away from China. Sunrise Energy Metals CEO Sam Riggall joins "Bloomberg: The Asia Trade" to discuss what this means for their business.
Australian Scandium Miner Soars (ORG) Pentagon (ORG) Washington (ORG) China (LOCATION) Sunrise Energy Metals (ORG) Sam Riggall (PERSON)
Originally published by Bloomberg Markets Read original →

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