I didn’t see anyone post this yet but PSA is shutting down AAC ammo production and are laying off 80 people. They are claiming it’s due to a lack of powder supply.
Powder supply is an issue for the commercial small arms market due to lack of domestic nitrocellulose production. While they are working on spinning up more capacity building chemical plants are not something you can do overnight. In the meantime the DoD will always get first crack at what supply there is. Primers are less of an issue as the quantities of energetic materials needed are orders of magnitude less than propellants.
That being said the market has been in a slump since 2023. This isn’t the first casualty, AMMO Inc was bought by Winchester last year. Winchester reported a $160 million loss on commercial ammo sales in Q3 compared to 2024. Historically Q3 is the highest quarter due to sales to distributors and retailers in preparation for hunting season.
PSA always had issues. Allegedly they never developed their own in-house tooling, it was just tooling packages sold to them by Hornady. Ammo manufacturing, especially shellcase and bullet production requires some very specialized equipment and very specialized knowledge. It supposedly took Winchester about 5 years to get back to where they were when they moved centerfire and rimfire productions down to MS.