The crisis surrounding China’s rare earth export restrictions continues to escalate, with US auto suppliers now joining their European counterparts in demanding urgent government intervention to prevent widespread production disruptions across the automotive industry. According to a report by Reuters, MEMA, the Vehicle Suppliers Association, issued a stark warning Wednesday that auto parts companies are […]
European Auto Suppliers Association Says Supply Chains Already Impacted by China Rare Earth Export Restrictions
CLEPA, the European Association of Automotive Suppliers, said the European automotive supply industry is already experiencing significant disruption due to China’s recent export restrictions on rare earth elements and magnets used in electric motors and other electronic components and sensors. These restrictions have led to the shutdown of several production lines and plants across Europe, […]