U.S.- China Rare Earth Deal
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The U.S. automaker is struggling to procure rare earth materials essential to its cars, as exports from China slow.
GM formed alliances with 2 rare earth mineral processing companies to domestically source materials for parts GM uses in EVs.
China has agreed to fast-track approvals for the shipment of rare earth minerals to the United States and some European Union nations.
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CNBC’s Jim Cramer on Wednesday said it’s necessary for the U.S. to negotiate with countries other than China for vital rare earth minerals.
Indian officials discussed China’s rare earth restrictions during talks with that country’s vice foreign minister this week, people familiar with the matter said, as automakers continue to warn of a looming shortage that may disrupt output in the South Asian nation.
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India considers temporary export curbs on rare earth elements amid global supply crisis, especially for EV components.
The future of green energy could be unlocked by a super rare mineral, researchers claim. The mineral in question is jadarite. It resembles kryptonite, the … The post This super rare mineral could be the key to unlocking green energy appeared first on BGR.
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China has approved “a certain number” of export permits for rare earth elements and related items, its commerce ministry spokesman said on Thursday