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The Next Car Production Crisis Could Be Caused by Magnet Shortage
With China in control of more than 90% of the world's rare-earth minerals production, a problem there can be a problem for everyone.
In a new Reuters report, the Alliance for Automotive Innovation(AAI) and the Motor & Equipment Manufacturers Association(MEMA) sent a joint letter to the Trump administration on May 9 about the groups’ concerns regarding the availability of rare-earth magnets. Regarding magnets specifically, Reuters says that exports from China were down by half in April, largely due to a vague permit application that sometimes calls for “hundreds of pages of documents.” Ain’t nobody got time for that. Beverly Braga has enjoyed an eventful career as a Swiss Army knife, having held roles as an after-school teacher, film critic, PR manager, transcriber, and video producer – to name a few.
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