US 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 percent, are flowing slower than ever before, according to The Wall Street Journal.

Defense software firm Govini estimates that more than 80,000 parts used in U.S. weapons systems require minerals currently subject to Chinese export controls.

Suppliers that try to circumvent China have to pay the price.

🚨 Trump is breaking China’s stranglehold on rare earths.

China controls 90% of the metals that power everything from fighter jets to iPhones.

Now Trump is offering a minimum price guarantee to the domestic rare-earth sector to accelerate U.S. supply chain independence. 🧵 pic.twitter.com/PRzg0K5jvY

— Rod D.

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