Ford halts U.S. plant production due to rare earth magnet shortage
Edited By WION Video Desk
Published: Jun 29, 2025, 11:00 IST | Updated: Jun 29, 2025, 11:00 IST
Ford has idled multiple U.S. plants for the third straight week due to a shortage of rare earth magnets, a key component in electric vehicles. The supply disruption stems from China's new approval process for rare earth exports. Ford’s CEO is now calling for the development of a domestic rare earth supply chain as U.S.-China trade tensions continue to pressure critical industries. Watch in for more details!
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