This Could Send Rare Earth Metal Prices Skyrocketing

Industrial Minerals News

Source: Profit Confidential

Summary:

  • Military spending is soaring in both the US and China
  • As the US competes for military superiority, Boeing and Lockheed Martin (defense manufacturers) source increasing amounts of rare earths for aircraft and missile technology
  • Currently USAF (through their defense manufacturers) sources many materials from China – but article suggests that ” parts should be sourced from a NATO ally. U.S. law actually bans this practice when the foreign supplier is China or any other country that is not considered an ally. This is because reliance on a foreign supplier makes the United States more vulnerable in a conflict situation.

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