GM Signs Domestic Rare-Earth Deal to Lower Reliance on China

GM Signs Domestic Rare-Earth Deal to Lower Reliance on China

The latest agreement and two others will allow GM to get the majority of rare-earth magnets it sources directly from domestic suppliers.

GM Signs Domestic Rare-Earth Deal to Reduce Reliance on China

General Motors Co. has signed a deal with Texas-based Noveon Magnetics Inc. to secure rare-earth magnets for its full-size pickup trucks and SUVs, marking the third domestic supply contract the automaker has signed related to the critical trade dominated by China.

Driving American Industry: General Motors & Noveon Magnetics Sign Multi-Year Agreement To Deliver American-Made Rare Earth Magnets

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