The Trump administration is taking a $150 million equity stake to build the US’s only big producer of gallium, a critical mineral used in satellite systems and military radar.
The Defense Department and an affiliate of Pinnacle Asset Management are set to announce a strategic partnership Monday involving Atlantic Alumina Co., or ATALCO, which has been turning bauxite into alumina just outside of New Orleans since the late 1950s. Alumina is a fine white powder used to make aluminum.
The deal is the latest example of the Trump administration’s unprecedented push to invest directly in companies it views as critical ...