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Exclusive-GM cancels deal with new US rare-earth magnet plant, documents say

VAC says GM ended a 10-year supply pact for EV magnets, and arbitration seeks damages after the contract was terminated in July.

Summary by WTVB
By Eric Onstad LONDON, Oct 22 (Reuters) - General Motors, the biggest customer of a US factory making rare earth magnets for electric vehicles, cancelled its long-term supply deal with the manufacturer, and the two sides are in arbitration, according t...

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(Seoul = Yonhap News) Reporter Lee Seong-han = General Motors (GM) of the United States has abruptly canceled a long-term purchase agreement with a supplier of rare-earth permanent magnets for electric vehicles, and both parties...

·Seoul, Korea (the Republic of)
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EXCLUSIVE: GM cancels deal with new US rare-earth magnet plant, documents say

·London, United Kingdom
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WTVB broke the news on Thursday, October 22, 2026.
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