A leading U.S. auto supplier group is warning that China’s restrictions on rare earth and critical mineral exports pose an urgent threat to the industry. MEMA, the Vehicle Suppliers Association, said on Wednesday that parts manufacturers are already facing “serious, real-time risks” to their supply chains.
The group stressed that the situation remains unresolved and that concerns are mounting, calling for “immediate and decisive action” to avoid widespread disruption and economic fallout across the vehicle supply sector.
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Earlier headline here:
US auto group urge “immediate and decisive action” on access to Chinese rare earths
This article was written by Eamonn Sheridan at www.forexlive.com.