Frances aerospace industry on Thursday expressed concern over the weaponisation of global supply chains as major powers pursue their geopolitical agendas, and warned that rare earths remained a pressure point despite a US-China trade truce.
Olivier Andries, president of Frances GIFAS aerospace association and CEO of engine maker Safran SAF.PA, said 90 of the industrys needs for rare earths were supplied by China, which is at odds with Washington over trade.
There is a trend towards the weaponisation of the supply chain, towards using the dependency on critical supplies to create a geopolitical advantage, he said.
