Car makers are warning of possible production halts due to rare-earth curbs in China

From Yahoo Finance: 2025-05-30 15:37:00

Global auto executives are warning of an impending shortage of rare-earth magnets from China that could lead to the closure of car factories within weeks. Without these magnets, essential automotive components like transmissions, sensors, and lights cannot be produced. The Trump administration has been urged to address the issue to prevent disruptions in U.S. vehicle production. China recently agreed to lift restrictions on rare-earth magnet exports to the U.S., but the process has been slow. Automakers are facing potential production halts due to delays in receiving export licenses. The situation remains unresolved, with concerns about the impact on the supply chain.



Read more at Yahoo Finance: Exclusive-Car makers warn China’s rare-earth curbs could halt production