China Tightens Grip on Mineral Exports, Impacting Western Defense Sector
China is restricting the export of critical minerals, impacting Western defense manufacturers and causing production delays. This policy change requires companies to seek alternative sources urgently. The move affects production of various defense products, including ammunition and aircraft, as reported by the Wall Street Journal.
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.
The Wall Street Journal reported these developments on Sunday, although Reuters was unable to independently verify the report.
(With inputs from agencies.)
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