Tungsten West, Elmet ink $1.8 billion offtake deal for Hemerdon mine
Published . Updated .
The mine supplied crucial tungsten for military and defense efforts during both World War I and World War II.
Directly affected
- No company is named in this report.
Indirectly affected
- LMT Lockheed Martin
Defense contractors get more work when conflict spending rises
- RTX RTX
Defense contractors get more work when conflict spending rises
- NOC Northrop Grumman
Defense contractors get more work when conflict spending rises
- GD General Dynamics
Defense contractors get more work when conflict spending rises
- ITA iShares U.S. Aerospace & Defense
A fund of aerospace and defense companies
- BA Boeing
Defense and aerospace orders move with conflict spending
- LHX L3Harris
Defense contractors get more work when conflict spending rises
- HII Huntington Ingalls
Shipyards benefit when naval spending rises
- XAR SPDR SERIES TRUST
Material security escalation can alter defense demand expectations and risk premia.
- AADX APPLIED AEROSPACE & DEFENSE IN
GA selected AADX as a RELATED security because its canonical security name directly matches this event's themes: aerospace, defense. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
Price reaction, T-5 to T+3
The mine supplied crucial tungsten for military and defense efforts during both World War I and World War II.
Source: Mining.com
IShares U.S. Aerospace & Defense ETF (ITA) since this story, compared with the market
Since the first closing price after “Tungsten West, Elmet ink $1.8 billion offtake deal for Hemerdon mine,” IShares U.S. Aerospace & Defense ETF (ITA) is -2.35%. The S&P 500 fund (SPY) is -0.09% over the same days, a -2.26% difference versus the market. industrial stocks (XLI) is -1.28%, a -1.07% difference versus that group of stocks.
Official trades in IShares U.S. Aerospace & Defense ETF (ITA) around 23 Sep 2026
- Maria Elvira Salazar sell General Electric (GE) ($1,001 - $15,000). That is 1 days after publication, inside 30 days. The filing is listed beside the story “Tungsten West, Elmet ink $1.8 billion offtake deal for Hemerdon mine.”
- Byron Donalds sell Howmet Aerospace (HWM) ($1,001 - $15,000). That is 43 days before publication, inside 60 days. The filing is listed beside the story “Tungsten West, Elmet ink $1.8 billion offtake deal for Hemerdon mine.”
- Byron Donalds sell Howmet Aerospace (HWM) ($1,001 - $15,000). That is 43 days before publication, inside 60 days. The filing is listed beside the story “Tungsten West, Elmet ink $1.8 billion offtake deal for Hemerdon mine.”
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
IShares U.S. Aerospace & Defense ETF (ITA) on one side of this defense story
Companies carried with this story
- ITA IShares U.S. Aerospace & Defense ETF
IShares U.S. Aerospace & Defense ETF (ITA) is linked, with no stored direction, medium confidence in the 23 Sep 2026 story “Tungsten West, Elmet ink $1.8 billion offtake deal for Hemerdon mine.” Reason on file: Material security escalation can alter defense demand expectations and risk premia
- XAR Spdr Series Trust
In “Tungsten West, Elmet ink $1.8 billion offtake deal for Hemerdon mine,” Spdr Series Trust (XAR) is linked, with no stored direction, medium confidence. Reason on file: Material security escalation can alter defense demand expectations and risk premia
- AADX Applied Aerospace & Defense
In “Tungsten West, Elmet ink $1.8 billion offtake deal for Hemerdon mine,” Applied Aerospace & Defense (AADX) is linked, with no stored direction, medium confidence. Reason on file: GA selected AADX as a RELATED security because its canonical security name directly matches this event's themes: aerospace, defense. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- CDP Copt Defense Properties
In “Tungsten West, Elmet ink $1.8 billion offtake deal for Hemerdon mine,” Copt Defense Properties (CDP) is linked, with no stored direction, medium confidence. Reason on file: GA selected CDP as a RELATED security because its canonical security name directly matches this event's themes: defense. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- FLY Firefly Aerospace
Firefly Aerospace (FLY) is linked, with no stored direction, medium confidence in the 23 Sep 2026 story “Tungsten West, Elmet ink $1.8 billion offtake deal for Hemerdon mine.” Reason on file: GA selected FLY as a RELATED security because its canonical security name directly matches this event's themes: aerospace. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- GE General Electric
In “Tungsten West, Elmet ink $1.8 billion offtake deal for Hemerdon mine,” General Electric (GE) is linked, with no stored direction, medium confidence. Reason on file: GA selected GE as a RELATED security because its canonical security name directly matches this event's themes: aerospace. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- HWM Howmet Aerospace
Howmet Aerospace (HWM) is linked, with no stored direction, medium confidence in the 23 Sep 2026 story “Tungsten West, Elmet ink $1.8 billion offtake deal for Hemerdon mine.” Reason on file: GA selected HWM as a RELATED security because its canonical security name directly matches this event's themes: aerospace. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- KTOS Kratos Defense & Security Solutions
For “Tungsten West, Elmet ink $1.8 billion offtake deal for Hemerdon mine,” Kratos Defense & Security Solutions (KTOS) is linked, with no stored direction, medium confidence. Reason on file: GA selected KTOS as a RELATED security because its canonical security name directly matches this event's themes: defense. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
IShares U.S. Aerospace & Defense ETF (ITA) and the defense link
On 23 Sep 2026, “Tungsten West, Elmet ink $1.8 billion offtake deal for Hemerdon mine” is the story that connects IShares U.S. Aerospace & Defense ETF (ITA) to Defense.
IShares U.S. Aerospace & Defense ETF (ITA) is on the page because Material security escalation can alter defense demand expectations and risk premia
Also listed, Spdr Series Trust (XAR): Material security escalation can alter defense demand expectations and risk premia
Dates and price levels for IShares U.S. Aerospace & Defense ETF (ITA)
AADX traded between 10.31 and 13.08 across 20 sessions. The latest close on file is 10.82. ITA traded between 201.08 and 217.79 across 20 sessions. The latest close on file is 207.60. XAR traded between 216.28 and 245.40 across 20 sessions. The latest close on file is 223.20.
How solid the defense case looks
46 out of 100
“Tungsten West, Elmet ink $1.8 billion offtake deal for Hemerdon mine” scores 46 out of 100. The score uses 1 sources, and 11 linked companies.