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@ Yahoo! News - by layer3.news
2025-06-09 06:21:05
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✍️ The global automotive industry is facing a shortage of rare-earth magnets due to Chinese export curbs, leading to concerns about production shutdowns and supply chain disruptions.
👉 China's rare-earth export curbs are causing a global shortage of rare-earth magnets
👉 Automakers and parts suppliers are struggling to find alternative sources
👉 The industry is in a state of panic, with some factories already shut down
👉 China dominates the rare-earths market, controlling 70% of global mining, 85% of refining capacity, and 90% of metal alloy and magnet production
👉 Automakers are prioritizing backup supplies, reexamining just-in-time inventories, and exploring alternative solutions
#FrankEckard #DonaldTrump #XiJinping #MarkSmith #JosephPalmieri #NoahBarkin #DavidBender #JonathanRowntree #MikeGrant #AndyLeyland #Berlin #London #Detroit #Troisdorf #Germany #China #Japan #Nebraska #EU #Minneapolis #England #business
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