WSJ: China restricts rare earth metal exports to Western defence industry
China has imposed strict restrictions on the export of key minerals essential to Western defence companies, forcing them to seek alternative sources outside the country, The Wall Street Journal (WSJ) reports, citing industry representatives.
The outlet notes that the reduction in supplies of rare earth metals and magnets is causing delays in the production of weapons and equipment — from ammunition to drones and fighter jets. One U.S. drone manufacturer was forced to postpone fulfilling orders for several weeks while searching for substitutes for Chinese components.
Traders revealed that prices for some critical materials have surged fivefold or more compared to pre-war levels due to the restrictions imposed by Beijing. More than 80,000 parts used in U.S. weaponry contain minerals now subject to Chinese export controls. Nearly all supply chains depend on Chinese suppliers, posing serious risks to American defence capabilities.
In addition, Chinese authorities are requiring Western companies to provide detailed information on the intended use of the minerals they purchase, in an effort to prevent their use in military applications.
By Vugar Khalilov