Defence companies are pushing Washington to delay a deadline, years in the making and now just months away, banning them from sourcing rare earth magnets from China for the US military.
Some defence groups want more time to comply with the prohibition on using Chinese samarium cobalt magnets and neodymium iron boron magnets for defence department contracts from January 1, according to four people familiar with the matter.
The magnets go into everything from electric vehicles and phones to fighter jets and weapons systems, but their production is dominated by China, which has tightened its grip by limiting access to the crucial materials. Western governments are now racing to reduce their exposure.
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