Rare Earth Magnet Shortage Threatens Shutdown of U.S. Car Factories

Jun 3, 2025 General
Rare Earth Magnet Shortage Threatens Shutdown of U.S. Car Factories

Auto executives across the globe have raised urgent concerns that an impending shortage of rare earth magnets from China used in an extensive number of car

Automakers worldwide are on the verge of a supply crisis

Annealed neodymium iron boron magnetsGetty
Annealed neodymium iron boron magnetsGetty

United States claims China is dragging its feet with minerals

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Ford F-150 assembly lineGetty Images
Ford F-150 assembly lineGetty Images

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