China Threatens To Hobble US Defense Industry By Limiting Export Of Rare-Earth Metals
This has been an ongoing issue. The prior administration had been exploring the idea of mining rare earths in Greenland, the second largest known source. But little seems to have come of this. And guess who has a majority stake in Greenland mines?
(From Zerohedge)
In a November report, Zhang Rui, an analyst at Antaike, a government-backed consultancy in Beijing, said that US weapons makers could be among the first companies targeted by any export (of rare earths) restriction. China’s foreign ministry said last year it would sanction Lockheed Martin, Boeing and Raytheon for selling arms to Taiwan, the self-ruled island that Beijing claims as its sovereign territory.
This article was originally posted here: https://www.ac2news.com/2021/02/china-threatens-to-hobble-us-defense-industry-by-limiting-export-of-rare-earth-metals/.
