Lockheed Martin has struck a non-binding memorandum of understanding with NioCorp Developments to explore purchases of up to 15 metric tons of scandium oxide a year over a 10-year period, as the U.S. defence contractor looks to secure a domestic source of the metal for fighter aircraft and advanced manufacturing. The proposed supply would come from NioCorp’s planned Nebraska mine, which has not yet entered production.
Scandium is used in lightweight, corrosion-resistant aluminium alloys, making it relevant to aircraft components and other defence applications. The move comes as Washington tightens pressure on companies to reduce dependence on Chinese critical minerals and after Beijing imposed export licensing on scandium. The arrangement remains preliminary and does not amount to a final supply contract.
The companies already have an existing research relationship backed by the Pentagon, including a joint development programme and a separate Title III award last year. Lockheed Skunk Works vice president Tyler Robinson and NioCorp chairman and chief executive Mark Smith were among the executives cited in the report, reflecting the strategic focus on building a U.S.-based supply chain for defence manufacturing.