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China’s rare earth restrictions halt first auto industry production lines
The US and EU auto industries are running out of essential magnets.
China introduced strict export controls on rare earth minerals and magnets in early April as part of its tit-for-tat responses to Donald Trump’s new tariffs. “With a deeply intertwined global supply chain, China’s export restrictions are already shutting down production in Europe’s supplier sector,” said Benjamin Krieger, secretary general of CLEPA, in a statement. “We urgently call on both the EU and Chinese authorities to engage in a constructive dialogue to ensure the licensing process is transparent, proportionate, and aligned with international norms.”
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