The article argues that rare earth production capacity has become the scarcest asset, more pressing than alternative magnet technologies that take years to qualify. REalloys (NASDAQ: ALOY) has assembled every major stage of rare earth manufacturing in North America, from heavy rare earth feedstock to permanent magnets, and is approaching commercial production. According to the Pentagon, the Iran war had cost the US military $43.6 billion by early September, including $28.1 billion to replace munitions already fired. The Congressional Budget Office estimates the US has probably consumed between one-half and two-thirds of its inventory of certain missile-defense interceptors since June 2025, and rebuilding them will take at least five years. Rare earth permanent magnets are used in systems such as Tomahawk missiles, JDAM bombs, F-35 fighters and submarines, so replenishment programs compete for the same materials.
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Related tickers and likely impact
TSLA
• NeutralTesla, Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.5T |
| Close on 10/22/2026 | 374.58 |
| Change that session | -3.08% |
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