China’s Halt of Critical Minerals Poses Risk for U.S. Military Programs

China’s Halt of Critical Minerals Poses Risk for U.S. Military Programs

The Pentagon and defense contractors are heavily reliant on magnets and rare earth minerals mined or processed in China, which has suspended exports of the materials in an escalating trade war.
Oil and metals prices fall on concerns about the global economy.

Oil and metals prices fall on concerns about the global economy.

The combination of lower oil prices and higher costs for essential materials like steel pipe threatens to squeeze domestic oil and gas producers.