I am still waiting for an informed and thoughtful analysis. At the range today, someone told me that the government was controlling primers, although they couldn’t explain how.
If you listen to the above video, made in July, while entertaining, a number of the referenced metrics are incorrect. For example, he says in the video that there is a raw material problem because the price of lead has risen and the supply of lead is constrained. However if you look at the price of lead, you will see it crashed in April/May, with supply greater than demand, and as of July was substantially less costly than in Nov of 2019 when 9mm was $168/1,000.
The claim is made in the video that the current demand is 10X post Newtown, and this claim is attributed to ammunition sales people, as if you can measure demand that is not fulfilled. Vista just said that they have a one year backlog of ammo orders, but of course Boeing also said they had a multi year backlog of 737 orders.
To understand more, I would like to see production and sales numbers of 9mm by month for 2019 and 2020. Given that prices are 3X higher, there is a lot of room to be able to pay higher component costs and extra labor costs, and still make a tidy profit. The video states that the industry made 8 billion rounds, a year or two ago. Even if demand is 5X, at .50-.60/round for 9mm, that is a lot of money to increase production. Something just doesn’t add up.