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Reuters reports that car industry experts foresee problems if exports of rare earth metals from China needed for car production are threatened.
Reuters reports that car industry experts foresee problems if exports of rare earth metals from China needed for car production are threatened.
The market news is quoted as saying:
Rare earth metals like neodymium are used in the powerful magnets in electric motors for cars. China produces 97 percent of the world’s rare earth metals, which are also used in the production of other high-tech and defense products.