The European automotive sector is facing mounting pressure following China's sweeping export restrictions on rare earth elements, which are critical to electric motors, high-tech components, and defense systems Several parts suppliers have already suspended production, and major automakers like Mercedes-Benz and BMW are actively seeking ways to mitigate the risk of supply shortages
China’s decision in April to halt exports of a wide array of rare earths and related magnets has sent shockwaves through global industries, underlining Beijing’s dominant position—it produces about 90% of global rare earths and nearly 100% of heavy rare earths The restrictions, introduced as part of broader trade tensions with the U
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Source and Credit: miningweekly.com
