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For the sec­ond time in a decade, demand for ammu­ni­tion has out­stripped sup­ply in the Unit­ed States. The first ammu­ni­tion bub­ble was from 2012 to 2017. The next start­ed in 2020.

Ammu­ni­tion man­u­fac­tur­ers have increased their capac­i­ty. In the face of increased demand, it has not been enough. Ammu­ni­tion plants are run­ning 24/7 to make prof­its while demand is high. Short­ages still exist in the Unit­ed States. Com­mon cal­ibers have dis­ap­peared from store shelves. Prices have risen. Pan­ic buy­ing and pur­chas­ing for pri­vate stock­piles have increased.