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China’s Mineral Curbs Threaten U.S. Defense Supply Chain

In 2023, Raytheon CEO Greg Hayes warned that Beijing effectively has the US military’s supply chain by the balls, thanks to America’s reliance on rare earths and other materials which either come from, or are processed in, China.  According to Hayes, Raytheon has “several thousand suppliers in China,” because of which “decoupling … is impossible.” “We can de-risk but not decouple,” he told the Financial Times, adding that he thinks this is the case “for everybody.” “Think about the $500bn of trade that goes from China to the US every year.…