General Motors has terminated its agreement to supply a new rare-earth magnet production facility in the United States, according to internal documents obtained by Reuters. The move comes as automakers increasingly seek to secure domestic sources of critical materials for electric vehicle manufacturing. Industry analysts suggest the decision may reflect shifting priorities or concerns over production timelines. The cancellation highlights ongoing challenges in scaling up supply chains for next-generation automotive technology.
EXCLUSIVE: GM cancels deal with new US rare-earth magnet plant, documents say Reuters
