Ford forced to idle multiple US plants on China magnet shortage

  • Posted on June 28, 2025
  • By Business News Today
  • 3 Views
Ford forced to idle multiple US plants on China magnet shortage

Ford faced factory shutdowns in the US recently. This happened because of a shortage of rare earth minerals. These minerals are vital for car parts. China's new export rules caused supply delays. CEO Jim Farley stressed the need for a local supply chain. He mentioned magnets are essential for various car functions. The company is struggling to get these materials.
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