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Exclusive: Car makers warn China's rare-earth curbs could halt production


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  Without these essential automotive components, it would only be a matter of time before U.S. vehicle factories are disrupted, they said.

Car manufacturers have expressed concerns that potential restrictions by China on the export of rare earth minerals could severely disrupt their production lines, as reported by Reuters. These minerals, crucial for manufacturing electric vehicle components like motors and batteries, are predominantly sourced from China. The looming threat of export controls has prompted carmakers to urge Western governments to develop alternative supply chains to mitigate the risk of production halts. This situation underscores the vulnerability of the automotive industry to geopolitical tensions and the urgent need for diversified sourcing of critical materials.

Read the Full Reuters Article at:
[ https://www.msn.com/en-us/money/markets/exclusive-car-makers-warn-chinas-rare-earth-curbs-could-halt-production/ar-AA1FO6Tr ]

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