Jun. 4 at 2:38 PM
$MGNC US military heavily relies on China, which controls over 90% of global heavy rare earth magnet manufacturing; With a strict Pentagon ban on Chinese-sourced magnets taking effect in 2027, the US is aggressively financing domestic suppliers.
$USAR $MP http://bloomberg.com/graphics/2026-us-china-heavy-rare-earth-magnets-defense/