The Pentagon Wants 300,000 Drones But China Controls The Magnets

U.S. Military Drone Production Relies Heavily on Chinese Rare Earth Magnets

/PRNewswire/ -- The Pentagon recently placed the largest drone order in American history — 30,000 one-way attack drones, with plans to scale past 300,000 by...

300,000 drones ordered: Pentagon hits hard wall as '98% of the magnets come from China'

Race to mass-produce attack drones hinges on non-Chinese magnet supply

The Pentagon Wants 300,000 Drones But China Controls The Magnets

The Pentagon recently placed the largest drone order in American history — 30,000 one-way attack drones, with plans to scale past 300,000 by early 2028. There’s one major problem: every one of those drones runs on a rare earth magnet. And according to Goldman Sachs, roughly 98% of the world's magnets are manufactured in China. That's the dilemma REalloys (NASDAQ: ALOY) has spent years building to solve. The company holds the only fully non-Chine…

The paradox of US drones: 300,000 new weapons, but Beijing controls the magnets - Economic Scenarios

The Pentagon recently placed the largest order for drones in American history: 30,000 single-use attack aircraft , with the goal of exceeding 300,000 by