Investopedia By Mark Kolakowski May 30, 2019
A major risk of the U.S.-China trade war that stock investors have overlooked until now is the dependence of dozens of big American companies on rare earth materials to make products, generate revenue and profit growth, and boost their stock prices. Now China's threat to use its dominant global position in exporting rare earth materials as a trade war bargaining chip threatens to disrupt the growth of U.S. companies, including Apple Inc. (AAPL), electric car manufacturer Tesla Inc. (TSLA), and defense contractor Raytheon Co. (RTN), according to Barron's, as well as other military contractors including Lockheed Martin Corp. (LMT), according to other reports.
The impact on the U.S. economy would be broad and deep if China chose either to cut off exports or, more likely, to curtail the supply sharply. That would send rare earth prices soaring and. in turn, boost prices of many consumer and industrial goods. About 80% of the rare earth materials used in the U.S. is imported from China for use in mobile phones, personal computers, magnets, rechargeable batteries, auto parts, and advanced military hardware, among other things.
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