Hyundai Secures One-Year Rare Earth Supply Amid China Export Curbs

Hyundai Motor Shields EV Production from Rare Earth Export Curbs with One-Year Inventory Buffer - Korean Car Blog

Hyundai Motor Company has secured approximately one year’s worth of rare earth inventory, effectively insulating its electric and hybrid vehicle production from the short-term effects of China’s latest export restrictions, according to a report by Reuters. Rare Earth Inventory Provides Strategic Buffer In a recent closed-door investor call, Hyundai confirmed its rare earth stockpile, highlighting […] The post Hyundai Motor Shields EV Production …

Hyundai secures one-year rare earth supply amid China export curbs

Hyundai has built up a rare earths inventory sufficient to sustain electric and hybrid vehicle production for about a year, positioning the company ahead of many competitors grappling with China’s tightening export restrictions. A person familiar with Hyundai’s investor call disclosed the information, suggesting the South Korean automaker is unlikely to face short-term supply disruptions. China’s decision in April to impose new restrictions on r…

China wants to establish "green channel" for "rare earth" export licence applications for EU companies

The Corner Link Securities | As reported by financial portal CNMB, China’s Ministry of Commerce on Saturday declared its readiness to establish a so-called “green channel” for eligible “rare earth” export licence applications to speed up the approval process for European Union (EU) companies. A Commerce Ministry spokesperson said Wang expressed hope that the EU would take reciprocal measures to promote trade in compliant high-tech products with …