February 6, 2025 – TheNewswire
Musk Metals Corp.
VANCOUVER, BC – Musk Metals Corp. (“Musk Metals” or the “Company”) (CSE: MUSK) (OTC: EMSKF) (FSE: 1I30 )
Musk Metals Corp. is pleased to provide additional information as NATO released a list of 12 defence-critical raw materials, including germanium, last December 2024. According to Statista, a German research company, combined defense expenditures of NATO countries in 2024 were US $1,474 trillion, up 13.8% from 2023.
In 2024, the Stockholm International Peace Research Institute (“SIPRI”) estimated global military expenditure at US $2.443 trillion, the highest level ever recorded by SIPRI. SIPRI further found that the combined revenues of the top 100 largest defense companies globally totaled US $632 billion in 2023, up 4.2% from 2022, with the five largest companies by revenue being Lockheed Martin, RTX, Northrop Grumman, Boeing, and General Dynamics. These five companies are all US corporations with combined arms sales of US $198.3 billion.
Germanium is one of the 12 defence-critical raw materials identified by NATO. As a key component in various military technologies, the demand for germanium is expected to increase in the coming years. Musk Metals Corp. is well positioned to benefit from this trend and is actively exploring opportunities in the germanium market.
How will this affect me?
As a consumer, the increased demand for germanium in military applications may lead to higher prices for electronic devices that incorporate this rare element. However, it could also spur innovation in the technology sector as companies seek alternatives to germanium.
How will this affect the world?
The growing military expenditures and focus on defence-critical raw materials reflect the geopolitical tensions and security concerns present in the world today. The reliance on these materials highlights the importance of secure and stable supply chains to support global security efforts.
Conclusion
It is clear that the global landscape is evolving, with increasing focus on defense capabilities and critical raw materials. Musk Metals Corp.’s involvement in the germanium market represents a strategic move to capitalize on these developments and contribute to the growing demand for defense technologies.
