Reported about 12 hours ago
China's recent export restrictions on rare earth minerals have raised concerns about potential supply shortages for the US defense industry, as these materials are vital for various weapon systems. Despite warnings from industry experts about a looming crisis, major defense contractors like Lockheed Martin and Northrop Grumman have downplayed the risks, suggesting they have taken proactive measures to secure supplies. The US government is also taking steps to develop domestic rare earths sources to mitigate reliance on China.
Source: YAHOO