China squeezing supplies of rare earths for defense companies: Report
CNBC Televisionยท2025-08-04 11:29
Welcome back to Squawk. China reportedly squeezing the supply of critical minerals it supplies to Western defense companies. Wall Street Journal reporting that China began letting more rare earths flow when trade tensions cooled back in June.But now supplies minerals specifically used for defensive uh for defense I should say have remained tight. Reports say the prices of some key minerals have now increased five or six times. Yesterday on CBS's Face the Nation, US trade representative Jameson Greer said th ...