EU arms manufacturers concern about dependency on Chinese raw materials as demand rises due to war in Ukraine – FT [Yahoo! Finance]
RHEINMETALL AG UNSP/ADR (RNMBY)
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Source: Yahoo! Finance
Possible supply constraints threaten the ability to expand production to support Ukraine in the war. Source Financial Times Quote : "Demand for ammunition has soared with Ukraine consuming shells at high rates in its war against Russia. But defence contractors have struggled to scale up output because of supply chain constraints of various inputs, including nitrocellulose, also known as 'guncotton'." Details : The Financial Times noted that cotton linters are a byproduct and key ingredient necessary for nitrocellulose production used in artillery shells and other explosives. The Financial Times stated that leading arms manufacturers, including the Swedish Saab and the German Rheinmetall, warned that Europe is overly dependent on lint from China, which accounts for just under half of global trade. Armin Papperger, chief executive of Rheinmetall, told the Financial Times that Europe relies on China supplying "more than 70 per cent" of cotton fibre. "There is a risk [that China
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