The Iran war is refocusing global attention on the critical supply chains that power modern military arsenals. Rare earths are essential components in advanced weaponry, from fighter jets to interceptor missiles such as THAAD and Patriot. However, with Chinese export restrictions increasingly targeting equipment with military end-uses, Western nations are facing a critical shortage of the materials needed to rearm.

How long will it take for countries to counter China's near-monopoly and achieve true supply independence? And beyond the defense sector, what is the long-term growth potential for the industry as demand accelerates for electric vehicles, AI data centers, and advanced humanoid robotics?

Jack Baxter, Global Metals and Mining Analyst at Bloomberg Intelligence, joins host John Lee on the Asia Centric podcast. Together, they unpack the unprecedented deals reshaping the market and explore how Western miners – including MP Materials and Lynas Rare Earths – are positioned to capitalize on this shift.

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