India has begun receiving Russian S-400 Triumf missile systems ignoring the threat of what many see as an impotent US. with sanction threats. India sees them as a boost to New Delhi’s air defense capabilities with the threats along the borders with China and Pakistan. Significantly the delivery is happening ahead of Russian President Vladimir Putin’s visit to India for an annual summit with India’s Prime Minister Narendra Modi next month. Source: NikkeiAsia From The TradersCommunity News Desk
China controls the majority of rare earths and is looking to assert greater control over the sector. It will combine three rare-earths producers to create a single state-owned company with nearly 70% share of domestic production with a American companies dependent on rare earths the motive is clear. China wants to give the impression the move is to accelerate the development of resources and processing technology. However. two factors stand out. One is an attempt to give Beijing control over … Continue reading “China to Tighten Hold on Rare Earths Market By Creating Single State Entity Controlling 70% of Chinese Production”
American companies dependant on rare earths, which China controls the majority of, include military companies such as Raytheon Co, Lockheed Martin Corp and BAE Systems Plc. Tech companies such as Apple use rare earths for it’s phones.
itWith North Korea, Turkey, Iran, Russia and counter terror all hot topics the defense sector will be keeping an eye on The Association of the United States Army annual conference Monday through Wednesday in Washington, D.C. Exhibitors include $MSFT, $LMT and $OA.
The Indonesia government announced Monday how the sanctions on Russia are an opportunity for the nation to boost their trade. They bartered coffee, palm oil and other commodities for 11 Russian-made Sukhoi Su-35 fighter jets.