China's latest export controls on rare earth elements causing chaos in car supply chain: report

China’s move to impose strict export controls on rare earth elements used in auto manufacturing has reportedly sparked fears of potential shortages of cars.Earlier this month, Chinese President Xi Jinping’s regime enacted limits on shipments of seven rare earth metals and magnets that are essential to building electric vehicles – as well as military hardware like fighter jets and drones, electronics and other key products.The move has left many Western firms with stockpiles of key materials that will last s ...