ZGXT(SZ:000831) Guan Cha Zhe Wang·2025-06-24 04:06Group 1 - Ford is facing challenges in securing key magnets made from rare earth elements, leading to supply chain emergency measures [1][3] - The shortage of rare earth materials has caused Ford to halt production at its Chicago Explorer SUV factory for a week [1][3] - Ford's Vice President Lisa Drake indicated that while the situation has improved, the company still needs to "move things around" to avoid production stoppages [1][3] Group 2 - China controls approximately 90% of the global supply of rare earth elements, which are crucial for high-temperature operation of magnets used in various technologies [3][6] - The automotive industry is heavily reliant on rare earth elements for electric vehicles, and manufacturers warn that insufficient access to rare earth magnets could lead to factory shutdowns [3][6] - The German Automotive Industry Association (VDA) expressed concerns that without rapid changes, production delays or interruptions could occur in the German automotive sector [6] Group 3 - China has implemented export controls on several rare earth-related items, which has disrupted supply chains for automotive manufacturers and semiconductor companies [3][6] - The Chinese government has begun issuing some export licenses to a few rare earth producers, but this is insufficient to ensure a steady supply of necessary components for production [6] - Analysts suggest that China's export licensing system for rare earth magnets may be permanent, limiting the ability of U.S. companies to stockpile these materials [7]