Mon, June 23, 2025
Sun, June 22, 2025
Sat, June 21, 2025
Fri, June 20, 2025
Thu, June 19, 2025
Wed, June 18, 2025
Tue, June 17, 2025
Mon, June 16, 2025
Sun, June 15, 2025
Sat, June 14, 2025
Fri, June 13, 2025
Thu, June 12, 2025
Wed, June 11, 2025
Tue, June 10, 2025
Mon, June 9, 2025
Sun, June 8, 2025

Auto companies 'in full panic' over rare-earths bottleneck


  Copy link into your clipboard //automotive-transportation.news-articles.net/co .. s-in-full-panic-over-rare-earths-bottleneck.html
  Print publication without navigation Published in Automotive and Transportation on by Reuters
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source


  Frank Eckard, CEO of a German magnet maker, has been fielding a flood of calls in recent weeks. Exasperated automakers and parts suppliers have been desperate to find alternative sources of magnets, which are in short supply due to Chinese export curbs.

The article from MSN discusses the growing concern among auto companies regarding the bottleneck in the supply of rare earth elements, crucial for manufacturing electric vehicle (EV) components like batteries and motors. The demand for these materials has surged due to the global push towards electric vehicles, leading to fears of shortages and price volatility. China currently dominates the rare earth market, controlling a significant portion of both mining and processing, which adds geopolitical tension to the supply chain issues. In response, auto manufacturers are exploring alternative materials and technologies, as well as seeking to diversify their supply sources to mitigate risks. The situation underscores the challenges the automotive industry faces in transitioning to sustainable transportation solutions.

Read the Full Reuters Article at:
[ https://www.msn.com/en-us/news/world/auto-companies-in-full-panic-over-rare-earths-bottleneck/ar-AA1Gmjlo ]

Publication Contributing Sources