Auto companies don’t think enough about raw materials
The reports coming out over the course of June about how auto companies are in a full panic over rare earths supply really boggle the mind. Apparently Ford has had to close one plant and is operating hand to mouth on REEs, and CLEPA (the European auto supplier association) also cites closures at several plants which have run out of supplies. But where has the auto industry been? Analysts and consultants and the REE mining industry have been talking about the danger of China’s dominance in rare earths for over five years. For God’s sake, the industry already had an...
Topics
Auto companies
China
Ford
Rare Earths
REE
shortages
Supply Chain
