# Critical Minerals and Components for Defence

Defence depends on 60 critical minerals, from tungsten and gallium to germanium, used in products such as Arleigh Burke-class destroyer and armour-piercing tank round. Stockatomics links 80 listed companies to defence through the minerals they produce, process or recover and the components they make or buy.

Source: https://www.stockatomics.com/sectors/defence
Critical minerals: 60
Components: 2
Linked companies: 80

## Minerals and components for defence

The minerals and components defence depends on, tightest supply first, with each one’s supply verdict, price change over one month and one year, and top import origin.

| Name | Type | Supply | 1M change | 1Y change | Top origin |
| --- | --- | --- | --- | --- | --- |
| [Turbojet engines over 25 kN](https://www.stockatomics.com/components/aircraft-engines) | Component | Tightening | - | +271.3% | Canada |
| [Tungsten](https://www.stockatomics.com/commodities/tungsten-price-us) | Mineral | Tightening | −7.9% | +123.5% | China |
| [Rhenium](https://www.stockatomics.com/commodities/rhenium-price-us) | Mineral | Stable | +63.3% | +313.6% | Germany |
| [Scandium](https://www.stockatomics.com/commodities/scandium-price-us) | Mineral | Stable | - | 0.0% | - |
| [Germanium](https://www.stockatomics.com/commodities/germanium-price-us) | Mineral | Stable | −14.2% | +109.1% | Belgium |
| [Hafnium](https://www.stockatomics.com/commodities/hafnium-price-us) | Mineral | Stable | +55.3% | +104.0% | Germany |
| [Yttrium](https://www.stockatomics.com/commodities/yttrium-price-us) | Mineral | Stable | - | +50.0% | - |
| [Beryllium](https://www.stockatomics.com/commodities/beryllium-price-us) | Mineral | Stable | - | +6.7% | - |
| [Dysprosium](https://www.stockatomics.com/commodities/dysprosium-price-us) | Mineral | Stable | - | −7.0% | - |
| [Samarium](https://www.stockatomics.com/commodities/samarium-price-us) | Mineral | Stable | - | +40.3% | - |
| [Terbium](https://www.stockatomics.com/commodities/terbium-price-us) | Mineral | Stable | - | +24.4% | - |
| [Ytterbium](https://www.stockatomics.com/commodities/ytterbium-price-us) | Mineral | Stable | - | +7.2% | - |
| [Titanium](https://www.stockatomics.com/commodities/titanium-price-us) | Mineral | Stable | - | - | - |
| [Ammunition, bombs and munitions](https://www.stockatomics.com/components/ammunition) | Component | Easing | +74.4% | −21.1% | Canada |
| [Thulium](https://www.stockatomics.com/commodities/thulium-price-us) | Mineral | - | - | - | - |

All Defence components: https://www.stockatomics.com/sectors/defence/components

## The 60 critical minerals defence depends on

| Mineral | Role in Defence | Price per kg (USD) | 1M change | Stocks |
| --- | --- | --- | --- | --- |
| [Aluminum](https://www.stockatomics.com/commodities/aluminum-price-us) | Airframes and vehicles | $3.63 per kg contained | −7.7% | [Aluminum stocks](https://www.stockatomics.com/commodities/aluminum-stocks) |
| [Antimony](https://www.stockatomics.com/commodities/antimony-price-us) | Ammunition primers, hardened lead and infrared detectors | $22.87 per kg contained | −9.5% | - |
| [Arsenic](https://www.stockatomics.com/commodities/arsenic-price-us) | Gallium arsenide electronics | $1.23 per kg contained | +62.7% | - |
| [Barite](https://www.stockatomics.com/commodities/barite-price-us) | Radiation shielding | $0.15 per kg barite | +88.9% | - |
| [Beryllium](https://www.stockatomics.com/commodities/beryllium-price-us) | Satellite structures, mirrors and missile guidance | $1,600 per kg contained | - | - |
| [Bismuth](https://www.stockatomics.com/commodities/bismuth-price-us) |  | $65.60 per kg contained | +17.9% | - |
| [Boron](https://www.stockatomics.com/commodities/boron-price-us) | Boron carbide armour | $5.27 per kg contained | −6.5% | - |
| [Cerium](https://www.stockatomics.com/commodities/cerium-price-us) |  | $2.10 per kg contained | - | - |
| [Cesium](https://www.stockatomics.com/commodities/cesium-price-us) | Atomic clocks for navigation and communications | $104,000 per kg contained | - | - |
| [Chromium](https://www.stockatomics.com/commodities/chromium-price-us) | Superalloys and armour steels | $1.86 per kg contained | - | - |
| [Cobalt](https://www.stockatomics.com/commodities/cobalt-price-us) | Superalloys and samarium-cobalt magnets | $56.81 per kg contained | −3.9% | [Cobalt stocks](https://www.stockatomics.com/commodities/cobalt-stocks) |
| [Copper](https://www.stockatomics.com/commodities/copper-price-us) | Ammunition jackets, electronics and wiring | $13.92 per kg contained | +2.2% | [Copper stocks](https://www.stockatomics.com/commodities/copper-stocks) |
| [Dysprosium](https://www.stockatomics.com/commodities/dysprosium-price-us) | High-temperature magnets | $274.30 per kg contained | - | - |
| [Erbium](https://www.stockatomics.com/commodities/erbium-price-us) | Eye-safe laser rangefinders | $52.60 per kg contained | - | - |
| [Europium](https://www.stockatomics.com/commodities/europium-price-us) | Anti-counterfeiting and phosphors | $31.26 per kg contained | - | - |
| [Fluorspar](https://www.stockatomics.com/commodities/fluorspar-price-us) | Uranium enrichment and optical materials | $0.54 per kg fluorspar | +9.3% | - |
| [Gadolinium](https://www.stockatomics.com/commodities/gadolinium-price-us) | Neutron absorbers and radar components | $34.58 per kg contained | - | - |
| [Gallium](https://www.stockatomics.com/commodities/gallium-price-us) | Gallium nitride radar and electronic warfare systems | $1,530 per kg contained | −11.0% | - |
| [Germanium](https://www.stockatomics.com/commodities/germanium-price-us) | Thermal imaging lenses and infrared optics | $4,861 per kg contained | −14.2% | - |
| [Graphite](https://www.stockatomics.com/commodities/graphite-price-us) |  | $1.17 per kg graphite | −40.4% | - |
| [Hafnium](https://www.stockatomics.com/commodities/hafnium-price-us) | Jet engine superalloys and naval reactor control rods | $5,039 per kg contained | +55.3% | - |
| [Holmium](https://www.stockatomics.com/commodities/holmium-price-us) | Specialist lasers | $80.18 per kg contained | - | - |
| [Indium](https://www.stockatomics.com/commodities/indium-price-us) | Infrared detectors | $732.37 per kg contained | +5.7% | - |
| [Iridium](https://www.stockatomics.com/commodities/iridium-price-us) |  | $158,394 per kg contained | +2.7% | - |
| [Lanthanum](https://www.stockatomics.com/commodities/lanthanum-price-us) |  | $1.17 per kg contained | - | - |
| [Lead](https://www.stockatomics.com/commodities/lead-price-us) | Ammunition | $1.93 per kg contained | −7.7% | [Lead stocks](https://www.stockatomics.com/commodities/lead-stocks) |
| [Lithium](https://www.stockatomics.com/commodities/lithium-price-us) | Batteries for soldier systems and drones | $89.62 per kg contained | +24.4% | [Lithium stocks](https://www.stockatomics.com/commodities/lithium-stocks) |
| [Lutetium](https://www.stockatomics.com/commodities/lutetium-price-us) |  | $1,010 per kg contained | - | - |
| [Magnesium](https://www.stockatomics.com/commodities/magnesium-price-us) | Flares and lightweight alloys | $3.99 per kg contained | −2.0% | - |
| [Manganese](https://www.stockatomics.com/commodities/manganese-price-us) | Armour and structural steels | $0.58 per kg contained | - | [Manganese stocks](https://www.stockatomics.com/commodities/manganese-stocks) |
| [Metallurgical coal](https://www.stockatomics.com/commodities/metallurgical-coal-price-us) | Steel for ships, vehicles and munitions | $0.15 per kg coal | +1.2% | [Metallurgical coal stocks](https://www.stockatomics.com/commodities/metallurgical-coal-stocks) |
| [Neodymium](https://www.stockatomics.com/commodities/neodymium-price-us) | Permanent magnets in motors, drones and actuators | $85.14 per kg contained | - | - |
| [Nickel](https://www.stockatomics.com/commodities/nickel-price-us) | Superalloys for jet engines and armour steels | $17.24 per kg contained | −5.8% | [Nickel stocks](https://www.stockatomics.com/commodities/nickel-stocks) |
| [Niobium](https://www.stockatomics.com/commodities/niobium-price-us) | Superalloys and rocket thrusters | $42.82 per kg contained | −0.6% | - |
| [Palladium](https://www.stockatomics.com/commodities/palladium-price-us) | Electronics | $41,504 per kg contained | −5.2% | - |
| [Phosphate](https://www.stockatomics.com/commodities/phosphate-price-us) |  | $0.091 per kg phosphate rock | +5.5% | [Phosphate stocks](https://www.stockatomics.com/commodities/phosphate-stocks) |
| [Platinum](https://www.stockatomics.com/commodities/platinum-price-us) | Sensors and electronics | $53,892 per kg contained | −1.6% | - |
| [Potash](https://www.stockatomics.com/commodities/potash-price-us) |  | $0.49 per kg K2O | −0.5% | [Potash stocks](https://www.stockatomics.com/commodities/potash-stocks) |
| [Praseodymium](https://www.stockatomics.com/commodities/praseodymium-price-us) | Permanent magnets, alongside neodymium | $89.40 per kg contained | - | - |
| [Rhenium](https://www.stockatomics.com/commodities/rhenium-price-us) | Jet engine turbine blades | $5,002 per kg contained | +63.3% | - |
| [Rhodium](https://www.stockatomics.com/commodities/rhodium-price-us) |  | $258,682 per kg contained | −3.2% | - |
| [Rubidium](https://www.stockatomics.com/commodities/rubidium-price-us) | Atomic clocks in satellites and military systems | $24,530 per kg contained | - | - |
| [Ruthenium](https://www.stockatomics.com/commodities/ruthenium-price-us) |  | $44,386 per kg contained | −5.4% | - |
| [Samarium](https://www.stockatomics.com/commodities/samarium-price-us) | Samarium-cobalt magnets for guidance systems and actuators | $3.27 per kg contained | - | - |
| [Scandium](https://www.stockatomics.com/commodities/scandium-price-us) | Lightweight aluminum alloys | $5,200 per kg contained | - | - |
| [Silicon](https://www.stockatomics.com/commodities/silicon-price-us) | Military electronics | $2.85 per kg contained | −5.5% | - |
| [Silver](https://www.stockatomics.com/commodities/silver-price-us) |  | $2,040 per kg contained | +5.7% | [Silver stocks](https://www.stockatomics.com/commodities/silver-stocks) |
| [Tantalum](https://www.stockatomics.com/commodities/tantalum-price-us) | Superalloys, capacitors and warhead liners | $628.07 per kg contained | −6.4% | - |
| [Tellurium](https://www.stockatomics.com/commodities/tellurium-price-us) | Infrared detectors made of mercury cadmium telluride | $163.72 per kg contained | +40.9% | - |
| [Terbium](https://www.stockatomics.com/commodities/terbium-price-us) | High-temperature magnets | $1,188 per kg contained | - | - |
| [Thulium](https://www.stockatomics.com/commodities/thulium-price-us) | Military lasers | $1,840 per kg contained | - | - |
| [Tin](https://www.stockatomics.com/commodities/tin-price-us) |  | $52.30 per kg contained | −0.2% | - |
| [Titanium](https://www.stockatomics.com/commodities/titanium-price-us) | Airframes, armour and naval components | $0.83 per kg contained | - | [Titanium stocks](https://www.stockatomics.com/commodities/titanium-stocks) |
| [Tungsten](https://www.stockatomics.com/commodities/tungsten-price-us) | Armour-piercing penetrators, cemented carbides and heavy alloys | $127.28 per kg contained | −7.9% | - |
| [Uranium](https://www.stockatomics.com/commodities/uranium-price-us) | Naval propulsion and depleted uranium munitions | $187.41 per kg contained | +15.3% | [Uranium stocks](https://www.stockatomics.com/commodities/uranium-stocks) |
| [Vanadium](https://www.stockatomics.com/commodities/vanadium-price-us) | Armour steels and titanium alloys | $23.90 per kg contained | −9.7% | - |
| [Ytterbium](https://www.stockatomics.com/commodities/ytterbium-price-us) |  | $17.08 per kg contained | - | - |
| [Yttrium](https://www.stockatomics.com/commodities/yttrium-price-us) | Thermal barrier coatings and laser crystals | $11.43 per kg contained | - | - |
| [Zinc](https://www.stockatomics.com/commodities/zinc-price-us) | Cartridge brass | $3.79 per kg contained | −0.2% | [Zinc stocks](https://www.stockatomics.com/commodities/zinc-stocks) |
| [Zirconium](https://www.stockatomics.com/commodities/zirconium-price-us) | Naval reactor fuel cladding | $2.39 per kg contained | −53.3% | - |

## Products in defence

- Arleigh Burke-class destroyer
- Armour-piercing tank round
- Cruise missile (Tomahawk class)
- F-35 fighter jet
- GaN AESA radar
- Precision-guided bomb (JDAM class)
- Small-arms ammunition
- Thermal and night-vision imager
- Virginia-class submarine

## Defence and critical minerals

Defence is where critical minerals stop being an economic question and become a strategic one. Modern weapons, aircraft, ships and satellites depend on materials with few substitutes: rare earth magnets in guidance systems and actuators, gallium nitride in radar, germanium in thermal sights, tungsten in armour-piercing rounds, titanium in airframes and the nickel superalloys of jet engines, strengthened with rhenium and hafnium.

Many of those minerals are produced or processed in a single country, often China, which has placed a growing number of them under export control. That is why governments in the US, Europe, Japan and Australia now treat critical minerals as part of national security, stockpiling them, funding new mines and processing plants, and restricting where defence suppliers may source them.

Stockatomics maps 60 critical minerals to defence, from the magnets in a missile fin to the antimony in an artillery shell.

## Why defence needs these minerals

Defence uses critical minerals wherever performance cannot be compromised: in sensors that must see further, metals that must survive more heat, and munitions that must penetrate harder targets.

### Sensors, radar and communications

**Gallium** nitride powers modern radar and electronic warfare systems, **germanium** forms the lenses of thermal imaging sights, and **indium** antimonide and mercury cadmium **telluride** detect infrared light. **Cesium** and **rubidium** atomic clocks keep navigation and communications in time, and **beryllium** keeps optics and satellite structures stiff and stable.

### Magnets and motors

Guided munitions, aircraft actuators and drones rely on permanent magnets: **samarium**-cobalt where heat is extreme, and **neodymium**-iron-boron with **dysprosium** and **terbium** elsewhere.

### Aircraft and engines

Airframes use **titanium** and **aluminum**, and jet engines run on **nickel** superalloys strengthened with **cobalt**, **chromium**, **rhenium**, **hafnium**, **tantalum** and **niobium**, protected by **yttrium**-stabilised thermal barrier coatings.

### Munitions and armour

**Tungsten** forms armour-piercing penetrators, **antimony** goes into primers and hardened lead, **copper** and **zinc** make cartridge brass, and **boron** carbide and **titanium** make lightweight armour. **Magnesium** burns in flares, while depleted **uranium** and **zirconium** have their own specialised military uses.

## Defence supply chain risks

Defence supply chains face the sharpest concentration risk of any sector. China produces most of the world's rare earths, magnets, gallium, germanium, antimony and tungsten, and has placed all of them under export controls, several explicitly aimed at defence users. Many defence-critical minerals are by-products of other metals, so supply cannot easily be increased when demand rises.

Western governments have responded with stockpiling, direct investment and procurement rules. The US Department of Defense has funded domestic rare earth, antimony and tungsten projects, and US defence contractors face restrictions on sourcing magnets and some other materials from China.

### What that means for defence

- Production of munitions and missiles can be limited by a single mineral, as antimony and tungsten have shown
- Governments are rebuilding stockpiles and funding mines and processing plants outside China
- Long-term contracts and price floors are being used to make Western supply viable

## What is changing for defence

As of October 2026, defence demand for critical minerals is rising with rearmament. NATO members have agreed to raise defence spending substantially, ammunition and missile production is being expanded after years of underinvestment, and drones have become a major new category of military equipment.

### What to watch

- **Munitions:** expanded artillery and missile production lifts demand for antimony, tungsten, copper and energetic materials
- **Magnets:** restrictions on Chinese magnets in defence supply chains are driving investment in Western magnet production
- **Stockpiles:** governments are rebuilding strategic stockpiles of rare earths, antimony, tungsten, gallium and germanium
- **Drones:** large-scale drone production adds demand for magnets, batteries and electronics
- **Price floors and offtake:** governments are underwriting new mines and processing plants through long-term contracts and minimum prices

## In the Stockatomics Terminal

Demand share by mineral, implied demand value, demand growth scenarios and companies ranked by defence exposure.

## Companies linked to defence

| Company | Ticker | Exchange |
| --- | --- | --- |
| [Airbus](https://www.stockatomics.com/companies/airbus-epa-air) | AIR | EPA |
| [Albemarle](https://www.stockatomics.com/companies/albemarle-nyse-alb) | ALB | NYSE |
| [Alcoa](https://www.stockatomics.com/companies/alcoa-nyse-aa) | AA | NYSE |
| [Alpha Metallurgical Resources](https://www.stockatomics.com/companies/alpha-metallurgical-resources-nyse-amr) | AMR | NYSE |
| [Americas Gold and Silver](https://www.stockatomics.com/companies/americas-gold-and-silver-nyse-american-usas) | USAS | NYSE American |
| [Andrada Mining](https://www.stockatomics.com/companies/andrada-mining-aim-atm) | ATM | AIM |
| [Anglo American](https://www.stockatomics.com/companies/anglo-american-lon-aal) | AAL | LON |
| [Antofagasta](https://www.stockatomics.com/companies/antofagasta-lon-anto) | ANTO | LON |
| [Barrick Mining](https://www.stockatomics.com/companies/barrick-mining-nyse-b) | B | NYSE |
| [BHP](https://www.stockatomics.com/companies/bhp-nyse-bhp) | BHP | NYSE |
| [Boeing](https://www.stockatomics.com/companies/boeing-nyse-ba) | BA | NYSE |
| [Boliden](https://www.stockatomics.com/companies/boliden-sto-bol) | BOL | STO |
| [Boss Energy](https://www.stockatomics.com/companies/boss-energy-asx-boe) | BOE | ASX |
| [Cameco](https://www.stockatomics.com/companies/cameco-nyse-cco) | CCO | NYSE |
| [Capstone Copper](https://www.stockatomics.com/companies/capstone-copper-tse-cs) | CS | TSE |
| [Century Aluminum](https://www.stockatomics.com/companies/century-aluminum-nasdaq-cenx) | CENX | NASDAQ |
| [Chalco](https://www.stockatomics.com/companies/chalco-hkg-2600) | 2600 | HKG |
| [China Hongqiao](https://www.stockatomics.com/companies/china-hongqiao-hkg-1378) | 1378 | HKG |
| [CMOC Group](https://www.stockatomics.com/companies/cmoc-group-hkg-3993) | 3993 | HKG |
| [Coeur Mining](https://www.stockatomics.com/companies/coeur-mining-nyse-cde) | CDE | NYSE |
| [Energy Fuels](https://www.stockatomics.com/companies/energy-fuels-nyse-american-uuuu) | UUUU | NYSE American |
| [Eramet](https://www.stockatomics.com/companies/eramet-epa-eramet) | ERAMET | EPA |
| [Ferroglobe](https://www.stockatomics.com/companies/ferroglobe-nasdaq-gsm) | GSM | NASDAQ |
| [First Majestic Silver](https://www.stockatomics.com/companies/first-majestic-silver-nyse-ag) | AG | NYSE |
| [First Quantum Minerals](https://www.stockatomics.com/companies/first-quantum-minerals-tse-fm) | FM | TSE |
| [Freeport-McMoRan](https://www.stockatomics.com/companies/freeport-mcmoran-nyse-fcx) | FCX | NYSE |
| [Fresnillo](https://www.stockatomics.com/companies/fresnillo-otc-fnlpf) | FNLPF | OTC |
| [GE Aerospace](https://www.stockatomics.com/companies/ge-aerospace-nyse-ge) | GE | NYSE |
| [General Dynamics](https://www.stockatomics.com/companies/general-dynamics-nyse-gd) | GD | NYSE |
| [Glencore](https://www.stockatomics.com/companies/glencore-otc-glcnf) | GLCNF | OTC |
| [Hecla Mining](https://www.stockatomics.com/companies/hecla-mining-nyse-hl) | HL | NYSE |
| [Hindustan Zinc](https://www.stockatomics.com/companies/hindustan-zinc-nse-hindzinc) | HINDZINC | NSE |
| [Hudbay Minerals](https://www.stockatomics.com/companies/hudbay-minerals-tse-hbm) | HBM | TSE |
| [ICL Group](https://www.stockatomics.com/companies/icl-group-nyse-icl) | ICL | NYSE |
| [IGO](https://www.stockatomics.com/companies/igo-asx-igo) | IGO | ASX |
| [Iluka Resources](https://www.stockatomics.com/companies/iluka-resources-asx-ilu) | ILU | ASX |
| [Impala Platinum](https://www.stockatomics.com/companies/impala-platinum-otc-impuy) | IMPUY | OTC |
| [Intrepid Potash](https://www.stockatomics.com/companies/intrepid-potash-nyse-ipi) | IPI | NYSE |
| [Ivanhoe Mines](https://www.stockatomics.com/companies/ivanhoe-mines-tse-ivn) | IVN | TSE |
| [Kenmare Resources](https://www.stockatomics.com/companies/kenmare-resources-lon-kmr) | KMR | LON |
| [KGHM Polska Miedz](https://www.stockatomics.com/companies/kghm-otc-kghpf) | KGHPF | OTC |
| [Korea Zinc](https://www.stockatomics.com/companies/korea-zinc-krx-010130) | 010130 | KRX |
| [Largo](https://www.stockatomics.com/companies/largo-nasdaq-lgo) | LGO | NASDAQ |
| [Liontown Resources](https://www.stockatomics.com/companies/liontown-resources-asx-ltr) | LTR | ASX |
| [Lockheed Martin](https://www.stockatomics.com/companies/lockheed-martin-nyse-lmt) | LMT | NYSE |
| [Lundin Mining](https://www.stockatomics.com/companies/lundin-mining-tse-lun) | LUN | TSE |
| [Lynas Rare Earths](https://www.stockatomics.com/companies/lynas-rare-earths-asx-lyc) | LYC | ASX |
| [Materion](https://www.stockatomics.com/companies/materion-nyse-mtrn) | MTRN | NYSE |
| [Mineral Resources](https://www.stockatomics.com/companies/mineral-resources-asx-min) | MIN | ASX |
| [Molymet](https://www.stockatomics.com/companies/molymet-snse-molymet) | MOLYMET | SNSE |
| [Mosaic](https://www.stockatomics.com/companies/mosaic-nyse-mos) | MOS | NYSE |
| [MP Materials](https://www.stockatomics.com/companies/mp-materials-nyse-mp) | MP | NYSE |
| [Newmont](https://www.stockatomics.com/companies/newmont-nyse-nem) | NEM | NYSE |
| [Nexa Resources](https://www.stockatomics.com/companies/nexa-resources-nyse-nexa) | NEXA | NYSE |
| [Norsk Hydro](https://www.stockatomics.com/companies/norsk-hydro-osl-nhy) | NHY | OSL |
| [Northrop Grumman](https://www.stockatomics.com/companies/northrop-grumman-nyse-noc) | NOC | NYSE |
| [Nutrien](https://www.stockatomics.com/companies/nutrien-nyse-ntr) | NTR | NYSE |
| [Paladin Energy](https://www.stockatomics.com/companies/paladin-energy-asx-pdn) | PDN | ASX |
| [Pan American Silver](https://www.stockatomics.com/companies/pan-american-silver-nyse-paas) | PAAS | NYSE |
| [Pilbara Minerals](https://www.stockatomics.com/companies/pilbara-minerals-asx-pls) | PLS | ASX |
| [Ramaco Resources](https://www.stockatomics.com/companies/ramaco-resources-nasdaq-metc) | METC | NASDAQ |
| [Rheinmetall](https://www.stockatomics.com/companies/rheinmetall-etr-rhm) | RHM | ETR |
| [Rio Tinto](https://www.stockatomics.com/companies/rio-tinto-nyse-rio) | RIO | NYSE |
| [Rolls-Royce](https://www.stockatomics.com/companies/rolls-royce-lon-rr) | RR | LON |
| [RTX](https://www.stockatomics.com/companies/rtx-nyse-rtx) | RTX | NYSE |
| [Safran](https://www.stockatomics.com/companies/safran-epa-saf) | SAF | EPA |
| [Sibanye-Stillwater](https://www.stockatomics.com/companies/sibanye-stillwater-nyse-sbsw) | SBSW | NYSE |
| [Sinomine Resource Group](https://www.stockatomics.com/companies/sinomine-resource-group-she-002738) | 002738 | SHE |
| [Sociedad Quimica y Minera](https://www.stockatomics.com/companies/sqm-nyse-sqm) | SQM | NYSE |
| [South32](https://www.stockatomics.com/companies/south32-asx-s32) | S32 | ASX |
| [Southern Copper](https://www.stockatomics.com/companies/southern-copper-nyse-scco) | SCCO | NYSE |
| [Syrah Resources](https://www.stockatomics.com/companies/syrah-resources-otc-syaaf) | SYAAF | OTC |
| [Titan Mining](https://www.stockatomics.com/companies/titan-mining-tse-ti) | TI | TSE |
| [Tronox](https://www.stockatomics.com/companies/tronox-nyse-trox) | TROX | NYSE |
| [United States Antimony](https://www.stockatomics.com/companies/united-states-antimony-nyse-uamy) | UAMY | NYSE |
| [Ur-Energy](https://www.stockatomics.com/companies/ur-energy-nyse-american-urg) | URG | NYSE American |
| [Uranium Energy](https://www.stockatomics.com/companies/uranium-energy-nyse-american-uec) | UEC | NYSE American |
| [Vale](https://www.stockatomics.com/companies/vale-nyse-vale) | VALE | NYSE |
| [Warrior Met Coal](https://www.stockatomics.com/companies/warrior-met-coal-nyse-hcc) | HCC | NYSE |
| [Whitehaven Coal](https://www.stockatomics.com/companies/whitehaven-coal-asx-whc) | WHC | ASX |

## FAQ

### Why does defence need critical minerals?

Modern weapons, aircraft, ships and satellites depend on materials that deliver extreme performance: rare earth magnets, gallium nitride radar, germanium optics, tungsten penetrators, titanium airframes and superalloy jet engines.

### Which critical minerals are most important for defence?

Rare earths for magnets, gallium and germanium for electronics and optics, tungsten and antimony for munitions, titanium, rhenium and other metals for aircraft and engines, and beryllium for aerospace systems.

### Why is China's role a defence concern?

China produces or processes most of many defence-critical minerals and has placed them under export controls, some explicitly restricting military end users.

### What are governments doing about it?

Rebuilding stockpiles, funding new mines and processing plants outside China, setting price floors and long-term contracts, and restricting defence suppliers from sourcing some materials from China.

### Which critical minerals does defence need?

Defence depends on 60 critical minerals: aluminum, antimony, arsenic, barite, beryllium, bismuth, boron, cerium, cesium, chromium, cobalt, copper, dysprosium, erbium, europium, fluorspar, gadolinium, gallium, germanium, graphite, hafnium, holmium, indium, iridium, lanthanum, lead, lithium, lutetium, magnesium, manganese, metallurgical coal, neodymium, nickel, niobium, palladium, phosphate, platinum, potash, praseodymium, rhenium, rhodium, rubidium, ruthenium, samarium, scandium, silicon, silver, tantalum, tellurium, terbium, thulium, tin, titanium, tungsten, uranium, vanadium, ytterbium, yttrium, zinc and zirconium. [Each mineral's role and price per kg](https://www.stockatomics.com/sectors/defence#minerals-table) is on this page.

### Which companies are linked to defence?

Stockatomics links 80 listed companies to defence through the critical minerals they produce, process or recover and the components they make or buy, among them [Airbus](https://www.stockatomics.com/companies/airbus-epa-air) (EPA: AIR), [Albemarle](https://www.stockatomics.com/companies/albemarle-nyse-alb) (NYSE: ALB), [Alcoa](https://www.stockatomics.com/companies/alcoa-nyse-aa) (NYSE: AA), [Alpha Metallurgical Resources](https://www.stockatomics.com/companies/alpha-metallurgical-resources-nyse-amr) (NYSE: AMR), [Americas Gold and Silver](https://www.stockatomics.com/companies/americas-gold-and-silver-nyse-american-usas) (NYSE American: USAS) and [Andrada Mining](https://www.stockatomics.com/companies/andrada-mining-aim-atm) (AIM: ATM). [See all 80](https://www.stockatomics.com/sectors/defence#companies).

## Related sectors

- [Power Grids](https://www.stockatomics.com/sectors/power-grids): 60 minerals in common
- [Semiconductors](https://www.stockatomics.com/sectors/semiconductors): 57 minerals in common
- [Electric Vehicles](https://www.stockatomics.com/sectors/electric-vehicles): 57 minerals in common

## Sources

- U.S. Geological Survey (USGS): the US critical minerals list and where each mineral is used.
- Company filings: each company’s minerals and its role in each.
- Stockatomics: each mineral’s benchmark price per kg.

Last updated 18 October 2026.