Source: Fox News
“China slapped new export controls on a batch of minerals such as antimony – vital for the U.S. defense industry as a flame-retardant component used in machine bearings – in a move that could send prices in the defense sector soaring. The little-known metal antimony is used in ammunition, infrared missiles, nuclear weapons and night vision goggles, as well as batteries and photovoltaic equipment. China produced nearly half of the world’s antimony last year. The limits, which kicked in on Sunday, apply to six antimony-related products, including antimony ore, antimony metals and antimony oxide. The U.S. consumed some 22,000 tons of antimony last year. China accounted for 63% of U.S. imports of antimony metal and oxide last year, according to the U.S. Geological Survey (USGS). The next largest supplier, Belgium, offered some 8%.” (09/17/24)
https://www.foxnews.com/politics/china-export-controls-minerals-us-weapons