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Financial Times reported that auto parts maker Continental (NYSE:CLR) is facing supply burdens due to high costs for rare earths.
Financial Times reported that auto parts maker Continental (NYSE:CLR) is facing supply burdens due to high costs for rare earths.
As quoted in the market news:
The car-parts supplier noted that the price of the dysprosium rare-earth used in magnets for electric motors had risen nearly 20-fold since 2010, “placing an extreme burden on our component suppliers”.