U.S. Dept of Defense signs deal to boost domestic nickel production

URLhttps://www.reuters.com/markets/commodities/us-dep
Sourcereuters
Date Published09/12/2023

Additional Reshoring Information:

Company/Division name Talon Nickel (USA)
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2023
Domestically, the work will be done:In-house
Capital investment ($):20.6
Country(ies) from which reshored:China,Russian Federation
State(s) reshored to:MN
If relevant, work nearshored to:-
Industry(ies):Primary Metal Products (not including Foundries and Castings)
Product(s) reshorednickel
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Geopolitical Risk, Government Incentives, DoD contract/partnership
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