Back in 2021, General Motors (GM) invested in rare-earth magnet production in the U.S. as part of its effort to cut reliance on China, Jon Emont and Christopher Otts of The Wall Street Journal reports. As a result, GM is set to be the only U.S. automaker with a large direct supply of American-made rare-earth magnets from multiple factories. This comes as a major advantage as China introduces even stricter regulations on the export of rare-earth magnets.
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