US EditionChina Tightens Grip on Mineral Exports, Impacting Western Defense Sector
CHINA, AUG 5 – China controls about 90% of critical minerals, causing soaring prices and production delays for U.S. defense manufacturers who are seeking alternative suppliers and boosting domestic efforts.
- Earlier this year, Beijing restricted rare earth exports, causing delays for Western defense companies in producing military hardware.
- Rising U.S.-China trade tensions triggered the clampdown earlier this year as Beijing restricted exports of rare earths, which supply around 90% of global demand.
- Buyers now face detailed disclosure demands for shipments, including product drawings, production-line images, and client lists, Leonardo DRS CEO Bill Lynn said Wednesday.
- A drone-parts manufacturer delayed orders by up to two months as Lockheed Martin and Boeing rush to secure non-Chinese sources, with reserves running dangerously low.
- The Pentagon told all contractors to stop buying magnets with China-linked minerals by 2027, after investing $400 million in MP Materials in July.
33 Articles
33 Articles
Chinese Mineral Grip Threatens US Defense Industry
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The Western Journal
DailyTruthReportUS Defense Companies 'Panicked' as China Withholds Crucial Rare Earth Materials
It’s not quite war, but defense companies are warning that China is crippling production of military products through its export controls. Rare earth materials, of which China supplies about 90 […] The post US Defense Companies 'Panicked' as China Withholds Crucial Rare Earth Materials appeared first on The Western Journal.
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China Showing Just How Much American Defense Relies On Its Minerals
by Wallace White at CDN - China has severely curtailed its supply of critical minerals to the U.S. in recent months, showing the American defense-industrial base just how hooked it is on Beijing’s supply, according to The Wall Street Journal. While the Pentagon has required that defense companies wean off rare earth magnets sourced with minerals from China by 2027, defense … Click to read the rest HERE-> China Showing Just How Much American Defe…
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