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0.000419815281276304 -0.000839630562552459 -0.000839630562552459 -0.000839630562552459 -0.00629722921914352 -0.0041981528127623 0 0.00167926112510492
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Why Tesla, GM, and Rivian will be hurt most by China's critical minerals export ban [Yahoo! Finance Canada]

Rivian Automotive, Inc. (RIVN) 
TSLA ), GM ( GM ), and Rivian ( RIVN Per the New York Times and Reuters , China ordered restrictions on exports of six rare earth metals that are only refined within the country on April 4. The metals, along with rare earth magnets, are used in everything from autos to aerospace products, with rare earth metals in particular used in magnets for EV motors. The suspension comes after President Trump ratcheted up his trade war with China with enhanced tariffs on April 2. Many of the metal shipments are stuck at ports in China, awaiting new instructions from the Chinese government on the special export permit process needed to ship the materials out. Currently no guidance is in place, per the reports. China produces 99% of the world's supply of rare earth minerals and 90% of the rare earth magnets. “Does the export control or ban potentially have severe effects in the US? Yes,” Daniel Pickard, the chairman of the critical minerals advisory committee for the Office of the US Trade Show less Read more
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