Potential Car Production Halt Due to China’s Rare Earth Magnet Policies
The upcoming car production crisis may be triggered by a shortage of magnets, crucial for manufacturing, due to export restrictions from China on rare-earth minerals. Automakers and suppliers warn that unresolved trade issues could lead to significant disruptions, including reduced production or shutdowns, as most of these materials are sourced from China, with limited alternatives available. The situation remains unresolved, raising concerns about future automotive supply chain stability.