Hunters seeing higher prices for ammunition can place at least some blame on the production of electric cars and the U.S. Mint making more coins.
- Chris Metz, CEO of Vista Outdoor Inc., which operates four U.S. ammunition plants, told Axios his company competes with those industries for copper.
Driving the news: Raw material costs aside, Metz said ammunition availability should be better in the not-too-distant future because a plant in Lonoke that makes Remington ammunition is back in high production mode.
- Last year, about 450 people worked there. Now it employs 1,050.
- It's running two and sometimes three shifts a day, six days a week and management is looking to fill another 100 positions.
Flashback: Minnesota-based Vista Outdoor acquired the plant last year for $81 million.
- Vista also operates ammunition plants in Idaho, Minnesota, and Oregon.
The intrigue: At about 1 million square feet, the Lonoke location is the third-largest ammunition plant in the world.
- A shortage of ammunition for all calibers is largely due to a rise in demand for firearms, with an estimated 23 million guns sold in the U.S. last year.
What they're saying: Mike Olivia of the National Sports Shooting Foundation recently placed part of the ammunition shortage on the Remington plant but noted the industry is making more than ever.
- Metz couldn't say exactly how many rounds the Vista plants will produce in the next year, just that it would be "tens of millions."
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