America Needs 48,000 Tons of Rare Earth Magnets; Only 300 Tons Are Domestic, Pentagon Ban Starts January 1
FROM THE WIRE · FINANCE.YAHOO.COM
Last year, America needed roughly 48,000 metric tons of the most common rare earth magnet, and domestic sources supplied just 300 tons. The rest had to come from somewhere else, and China makes more than 90% of the world's supply. To make matters worse, in January, that supply…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishSupply restrictions on Chinese rare earth magnets could benefit non-Chinese suppliers and defense contractors exposed to the supply chain.AI-generated summary
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
REalloys Inc.7.23 USDMarket closedtoday +8.23%Positive GE Aerospace313.83 USDMarket closedtoday +0.59%Neutral Lockheed Martin Corporation552.09 USDMarket closedtoday +3.65%Neutral Northrop Grumman Corporation519.86 USDMarket closedtoday +4.05%Neutral RTX Corporation193.92 USDMarket closedtoday +3.73%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets