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 EnergyNow. The decision follows concerns over rising costs and shifting priorities in the automaker’s supply chain strategy. Industry analysts suggest the move could delay plans to boost domestic production of critical materials needed for electric vehicles. The cancellation highlights ongoing challenges in securing stable sourcing for clean energy technologies amid global supply chain disruptions.
GM Cancels Deal With New US Rare-Earth Magnet Plant, Documents Say EnergyNow.com
