From Yahoo Finance: 2025-04-24 13:00:00

China’s export restrictions on critical minerals and magnets have disrupted Elon Musk’s humanoid robot plans. Musk revealed Tesla’s Optimus robots are affected by the shortage of rare earth metals, specifically neodymium-iron-boron magnets crucial for their motors. China’s near-monopoly on these materials poses a national security threat to the U.S. as they are essential for various technologies, including electric vehicles and defense systems. Musk warned of production delays due to the shortage of these critical components, highlighting the urgent need for the U.S. to reshore rare earth mining and refining to maintain dominance in advanced technology supply chains.



Read more at Yahoo Finance: China’s Export Restrictions Disrupt Tesla’s Robot Plans