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War Metals Vulnerabilities
Summary of https://investornews.com/critical-mi...of-war-metals/
The major points of the article are: The West has become overly reliant on China for critical minerals needed for weapons and ammunition production. This dependence makes Western armies vulnerable to Chinese pressure or embargoes. Western governments need to take action to secure their own supply chains for critical minerals. The minor points of the article include: The war in Ukraine has disrupted the EU's access to critical minerals. Western armies have reduced or eliminated stockpiles of materials and parts in order to reduce costs. Chinese state-owned companies have an advantage over Western arms companies because they are not beholden to shareholders. The United States has already sanctioned two defense manufacturers for selling weapons to Taiwan. China is prepared to respond to Western sanctions with its own. Read article: https://investornews.com/critical-mi...of-war-metals/
Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. Comments on this forum should never be taken as investment advice. |
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