Business
Pentagon Contractors Lose Their Critical-Minerals Waivers on 1 January. The Aerospace Industry Says Replacement Supply Is Not Expected Until 2028 or Later.
An executive order signed on 20 July tells the Pentagon to stop issuing routine waivers for Chinese, Russian, Iranian and North Korean magnets, tungsten, tantalum and molybdenum on 1 January 2027. An Army Materiel Command official said on Wednesday the service will "see some impact come January." Industry says it still does not know what an acceptable mitigation plan looks like.
