The fact that the weapons cupboard is bare is one thing. What is rarely reported is the fact that it will not be restocked without Beijing’s approval.
Leave Ukraine aside. Forget the Javelins, the Stingers, the GMLRS rockets, and the two million artillery rounds that were used in Ukraine. Setting Ukraine aside, consider four weapons that the United States just burned through in Iran, and the critical material required for each — which flows almost exclusively through China.
Across these four weapon systems, the back-of-the-envelope replenishment requirement is between five and ten metric tons of finished defense-grade rare earth magnets, more than 95% of which will arrive from the People’s Republic of China.
There is only one thing worse than being unprepared for the war you started. It is being unprepared for the next one, because your adversary controls the periodic table.
The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune.



