$500M Pentagon Loan Aims to Break China’s Grip on Rocket and Missile Magnets
A Pentagon loan to Phoenix Tailings underscores the push to domestically produce rare earth magnets critical for missile guidance, satellite reaction wheels, and radar systems as the Iran war strains munitions stocks. It will take over a year to build capacity, but the regulatory ban on Chinese sourcing is forcing immediate supply chain restructuring.
Source: denverpost.com · bostonherald.com