US EditionCar makers warn China's rare-earth curbs could halt production
- An alliance of major automakers and suppliers warned on May 9 that China's export restrictions on rare-earth magnets could halt vehicle production globally.
- The warning followed China's tighter export license rules introduced in April, which disrupted supplies despite a recent trade deal meant to ease tariffs and restrictions.
- More than 90% of rare-earth magnet processing capacity is in China, and delays or limited issuance of export licenses have slowed critical shipments to automakers reliant on these materials.
- Alliance CEO John Bozzella highlighted ongoing supply challenges, noting that the expected delivery of certain crucial minerals has not materialized as anticipated.
- The supply constraints risk reducing production volumes or shutting down assembly lines soon, highlighting industry vulnerability and increasing calls for developing self-reliant supply chains.
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18 Articles
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Total News Sources18
Leaning Left1Leaning Right3Center5Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
11%
C 56%
R 33%
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