Ford Motor’s CEO told Bloomberg News that the company is struggling with its rare earth magnet supply. In fact, Jim Farley said the car maker has had to shut down factories. This is due to China imposing new export license rules for rare earth minerals and magnets.
China’s Rare Earths Controls Causing Problems for Automakers | Business Matters (June 13)
China’s Rare Earths Controls Causing Problems for Automakers | Business Matters (June 13)
Jun-13-2025