The Pentagon Wants 300,000 Drones But China Controls The Magnets

The Pentagon recently placed the largest drone order in American history — 30,000 one-way attack drones, with plans to scale past 300,000 by early 2028. There’s one major problem: every one of those drones runs on a rare earth magnet.

And according to Goldman Sachs, roughly 98% of the world's magnets are manufactured in China. That's the dilemma REalloys (NASDAQ: ALOY) has spent years building to solve.