Trump’s agreement “will allow for rare earths to flow out of the country for a short period of time, but it’s not helping the auto industry because they’re still talking shutdowns,” Hammer said.
“Nobody trusts that this thaw is going to last.”
For many automakers, the situation remains unpredictable – forcing some to hunt for alternatives to Chinese supplies.
Two days after Trump touted a finalized trade accord in London, Ford Motor Co. chief executive officer Jim Farley described a “day-to-day” dynamic around rare earths licenses – which have already forced the company to temporarily shutter one plant.
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*With all the Drama at FORD in the US and our UK partnership with FORD, it seems like it's a "No Brainer" before Jim & Tim put Pen to Paper you would think.
Especially if they don't want to lose Sales to GM who seem to have it under control atm.
General Motors Co. has emphasized it’s on firmer footing in the longer term, because it invested in domestic magnet making back in 2021.
The automaker has an exclusive deal to get the products from MP Materials Corp. in Texas, with production starting later in the year.
It has another deal with eVAC of Germany to get magnets from a South Carolina plant starting in 2026.
Food for thought
Frank![]()
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Last
1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $57.94M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.0¢ | $121.8K | 11.00M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
34 | 17270305 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 5780452 | 9 |
View Market Depth
No. | Vol. | Price($) |
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31 | 16414319 | 0.010 |
26 | 17104730 | 0.009 |
26 | 20204285 | 0.008 |
43 | 18732836 | 0.007 |
33 | 16333235 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 3904166 | 5 |
0.012 | 5799338 | 12 |
0.013 | 6928378 | 10 |
0.014 | 3224064 | 11 |
0.015 | 2720151 | 9 |
Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
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