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GM formed alliances with 2 rare earth mineral processing companies to domestically source materials for parts GM uses in EVs.
CEO Jim Farley made the comment in an interview with Bloomberg News. China controls more than 90% of global rare earth ...
Following some uncertainty in the exports of rare earth minerals from China to the U.S., China has issued licenses to rare ...
Nearly 40 years ago, General Motors invented the rare-earth magnet and thus laid the foundation for modern electric motors. But now the automaker is moving on to a different technology.
While electric vehicles certainly offer a host of eco-friendly advantages ... of GM at the same time in the early 1980s. Unfortunately, neodymium and other rare earth minerals used in the motor ...
Hyundai Motor Co. (KRX: 005380) has secured a strategic advantage in the global automotive supply chain crisis by maintaining approximately one year of rare earth mineral stockpiles, positioning the ...
Frank Eckard, CEO of a German magnet maker, has been fielding a flood of calls in recent weeks. Exasperated automakers and ...
And the supply chain is precariously situated. GM sold off the last rare earth magnet manufacturer in the US back in the mid-1990s, and the Chinese buyer shipped the specialized equipment back ...
Rare earth elements are used to produce magnets ... technological performance — gets taken off the table as a unique advantage.
The Auto Wire on MSN2dOpinion
GM Flexes Its Rare-Earth Muscles
GM is sitting pretty these days when it comes to rare-earth minerals access compared to other automakers. It might be a ...