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China Tightens Grip on Mineral Exports, Impacting Western Defense Sector
8 Articles
8 Articles
The Wall Street Journal reports that China is restricting the supply of critical raw materials to Western defense companies. The companies have begun looking for substitutes for Chinese raw materials, but are therefore having to postpone the fulfillment of orders.
China Squeezes Critical Mineral Supply to U.S. Defense Industry
China is restricting the supply of critical minerals to U.S. military manufacturers, the Wall Street Journal has reported, adding that this has forced companies to delay order deliveries as they sought alternative suppliers. The supply restrictions have meanwhile inflated the prices of the critical minerals, the report also said. According to defense industry traders, some of these now cost five times as much as they used to, and in at least one…
China Tightens Grip on Mineral Exports, Impacting Western Defense Sector
China Tightens Grip on Mineral Exports, Impacting Western Defense Sector China has implemented measures to cap the export of crucial minerals essential for Western defense manufacturing. This development is hindering production timelines and prompting manufacturers to urgently seek alternative mineral sources.The restriction affects the production of a range of defense equipment, creating disruptions in the supply chain for key Western companies…
China is significantly limiting or delaying the export of raw materials crucial to the Western arms industry, the Wall Street Journal reported on Monday. These actions, according to the newspaper, are a result of growing tensions between Beijing and Washington and pose a serious challenge to the security of supplies of strategic materials.
China restricts supplies of critical minerals to Western defense firms
BEIJING, August 4: China is tightening restrictions on exports of critical minerals vital to Western defense industries, delaying production timelines and forcing companies to seek alternative sources, The Wall Street Journal reported, citing company sources. One US drone manufacturer supplying the military reportedly had to postpone deliveries by up to two months after losing access to Chinese-made magnets derived from rare earth elements. The …
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