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Balancing National Security and Global Trade in the Defense Industry

CEO of Raytheon, Greg Hayes, announced that the company cannot fully sever ties with China due to the Asian nation's dominance in rare-earth metals, essential to various military technologies.

  • Editor Staff
  • June 26, 2023
  • 4:04 am
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The mountain pass mine is america's largest rare earth mineral mine near Baker Ca. on highway 215 to Las Vegas. June of 2021.
(Shutterstock / Photo Contributor clayton harrison)
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CEO of Raytheon, Greg Hayes, announced that the company cannot fully sever ties with China due to the Asian nation’s dominance in rare-earth metals, essential to various military technologies. Despite the reopening of the Mountain Pass mine, a rare-earth metals mine in California, there remains an unnecessary risk due to partial Chinese ownership in MP Materials, which manages the mine.
  

Key Points: 

  1. Raytheon’s reliance on China is largely due to China’s dominance in the rare-earth metals market, crucial to many military technologies such as lasers and missile flight systems. China controls over half of the world’s rare-earth mining and 90% of its processing.
  2. The Mountain Pass mine, the only source of rare-earth metals in the US, is being reopened and upgraded by MP Materials. However, the Chinese mining company Shenghe Resources holds a minority stake in MP Materials, posing a potential risk to the defense industry.
  3. Given the potential vulnerability of a single-source supply chain, experts suggest the Pentagon seek alternative domestic sources of rare-earth metals. The goal is to create redundancies, even if economically inefficient, to ensure continuous military production.
  4. While acknowledging the interconnectedness of the global economy, it’s argued that the defense industry and the Pentagon need to be prepared for possible decoupling scenarios in the event of a major conflict.
  5. The Defense Production Act contains provisions to manage the issues posed by far-flung critical resources, but systematic tracking of disruptions is not in place, which could be crucial for ensuring resource security.

 

Continue reading at https://www.nationalreview.com/2023/06/the-defense-industry-needs-to-get-serious/ 

Tags: Daily Wire
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