The Military Arms Channel has reviewed the new Wolf Gold 5.56mm ammunition. Unlike traditional Wolf ammunition steel is not used in either the case or the bullet. They are apparently manufactured in Taiwan.
Back in 2005 the Pentagon imported 300 million 5.56mm bullets (or rounds, the media frequently confuse the two terms) from Taiwan because the Middle East wars had drained their stockpile. Taiwan produces 400 million rounds each year.
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