The Pentagon has proposed legislation that aims to end reliance on China for rare earth minerals critical to the manufacturing of missiles and munitions, hypersonic weapons and radiation hardened electronics, by making targeted investments.
The proposed legislation would raise spending caps under the Defense Production Act to enable government to spend up to $1.75 billion on rare earth elements in munitions and missiles and $350 million for microelectronics. It would also eliminate caps when it comes to hypersonic weapons.Read More…
