General Motors has terminated its agreement to supply a new rare-earth magnet production facility in the United States, according to internal documents. The move comes amid ongoing challenges in securing critical mineral supply chains, raising concerns about the automotive industry’s ability to meet electric vehicle demand. Industry analysts suggest the decision may reflect broader uncertainties in sourcing materials essential for EV manufacturing. The cancellation highlights the complexities of transitioning to domestic production amid global supply chain disruptions.
GM Cancels Deal With New US Rare-Earth Magnet Plant, Documents Say U.S. News & World Report
