China's rare earth export controls disrupt global supply chain, impacting auto makers and magnet producers

China’s export restrictions on rare earths have caused disruptions in the global auto supply chain and led to a halt in production for some major auto makers. The restrictions, imposed in response to U.S. tariffs, have significantly impacted magnet makers, with a 75% drop in exports and a crisis for local producers. The pain is likely to persist despite a recent deal between the U.S. and China to resume rare earth exports. The restrictions have also led to a decline in revenue for rare earth magnet producers, with challenges that may result in industry consolidation.

Read more at Yahoo Finance: Analysis-China’s rare earth export controls are good for Beijing, bad for business