Hyundai Secures One-Year Rare Earth Minerals Supply, Avoids Supply Chain Disruption: Report - Ford Motor (NYSE:F), General Motors (NYSE:GM)
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Hyundai Secures One-Year Rare Earth Minerals Supply, Avoids Supply Chain Disruption: Report - Ford Motor (NYSE:F), General Motors (NYSE:GM)
Hyundai Motor Co. (KRX: 005380) has secured a strategic advantage in the global automotive supply chain crisis by maintaining approximately one year of rare earth mineral stockpiles, positioning the South Korean automaker ahead of competitors struggling with China's export restrictions.
News24 | Hyundai has rare earths stockpile for its cars that can last a year, source says
Hyundai Motor has a rare earths stockpile that can last about a year and it does not expect any near-term impact from global supply chain disruptions caused by China’s export curbs, said a person who attended a company investor call.
Hyundai has a rare earths stockpile that can last about a year
Hyundai Motor has a rare earths stockpile that can last about a year and it does not expect any short-term impact from global supply chain disruptions caused by China's export curbs, said a person who attended a company investor call.
Although sales have no longer looked so good in the meantime, Hyundai has at least one problem with its electric cars and hybrids less. Recent reports show that Hyundai has significantly larger stocks of rare earths and magnets. Hyundai would be better positioned than competitors such as BMW or Ford, Reuters reports. Hyundai has been wisely prepared to respond to the global political and geopolitical situation. Hyundai has not publicly commented…
Hyundai Motor Says Rare Earths Stockpile Can Last a Year Amid China Export Curbs
Hyundai Motor is equipped with a rare earths stockpile sufficient to support production for about one year and does not foresee any immediate disruption from China’s recent export restrictions, a person familiar with an internal investor call told Reuters. The disclosure comes as China’s decision in April to tighten controls on rare earths and related [...] The post Hyundai Motor Says Rare Earths Stockpile Can Last a Year Amid China Export Curbs…
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