China announced it is targeting US rare earths firms in response to a Pentagon list of Chinese firms……European Union’s aggressive plans to boost defense capabilities are hampered by China’s export controls and sales restrictions on critical raw materials. For 17 of the 34 materials classified as critical by the EU, China accounts for at least 70% of global mining or refining, a report published by Teer in May shows.

Eight of those 34 materials are subject to Chinese export controls.

https://www.zerohedge.com/military/european-rearmament-efforts-stomped-chinese-control-critical-materials

 

Article is written as-if the problem is European rearmament – however – I suspect that US is affected also.