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What Are Rare Earth Magnets And Why Do Car Companies Need Them From China?

Summary by SlashGear
Rare earth magnets are in a lot of everyday items, and make a lot of your most basic electronics work, but they're also an essential component in cars.

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Beijing was also supposed to suspend exports to the United States.

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China's Ministry of Commerce announced on Thursday that it is speeding up the granting of rare earth export licenses to companies from the European Union. The ministry added that it is open to strengthening dialogue with relevant countries on export controls, reports businesstimes. In addition to gas and oil, the EU must have strategic reserves of rare earths, says European Commissioner Séjourné In April, China announced the introduction of exp…

·Bratislava Region, Slovakia
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The West Australian broke the news in Australia on Thursday, June 26, 2025.
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