EconomyEconoScope | GM’s exit exposes cracks in US rare-earth ambitions

General Motors, which accounted for 90% of orders at a South Carolina rare-earth magnet plant, canceled its long-term supply agreement with manufacturer VAC. The report says the withdrawal weakens the project and highlights broader obstacles to rebuilding US rare-earth processing and magnet-making expertise, including shortages of skilled workers and the challenge of producing reliably at competitive cost and quality.

General Motorsrare earthselectric vehiclessupply chains

CChina News Service★★★☆☆2026-10-30 08:12Original