Ford Factory Shutdown Blamed on Rare Earths Shortage
China’s control over approximately 90% of the U.S.’s rare earth mineral supply, crucial for automotive manufacturing, has created significant challenges. Recent export restrictions imposed by China led to production slowdowns, including temporary plant closures at Ford. Following trade negotiations, China agreed to resume regular rare earth exports to the U.S., although the approval process remains cumbersome and unreliable. The situation highlights the vulnerability of the U.S. economy to disruptions in global supply chains.
John Q. Hosedrinker