A recent report has shed light on the significant dependence of countries within the Five Eyes intelligence partnership - the United States, the United Kingdom, Canada, Australia, and New Zealand - on China for rare earth elements (REEs). These metallic elements are crucial in the mineral supply chain market, particularly for the production of military equipment.
The Five Eyes alliance, known for its collaboration on intelligence matters and sharing sensitive information, faces a vulnerability in its military supply chains due to the heavy reliance on Chinese exports of REEs. The report emphasizes the need for diversification away from China to minimize trading risks.
