China’s Grip on Critical Minerals

"With US defense stockpiles now running out a supply shock appears to be imminent What resources make it to the US will inevitably be rationed to the military first making it increasingly likely that the consumer will have to digest higher prices for just about everything containing critical minerals which as we've learned is a lot of stuff"

"2025 should nonetheless be a big year for US critical mineral supply chains That's because projects under the mine tomagnet goal are beginning to come to fruition"

"The new facility began commercial production of magnetic metals earlier this year and is expected to slowly scale up magnet production starting in late 2025 The goal is to produce 1,000 tons of finished magnets per year which it will supply to General Motors and other manufacturers"

"But when US defense stockpiles of critical minerals start running out in a month or two just don't be surprised if politicians and lobbyists start humming under the sea in the corridors of the US capital"

"Will this lead to export controls being relaxed Well it's hard to see that happening because this would mean China providing the US with materials for its military once again"