China’s rare earth permit delays to disrupt U.S. auto industry

Supply Chain Disruptions - China's rare earth mineral export restrictions are impacting industries reliant on these materials [1] - Some auto companies are experiencing shortages due to the restrictions [2] - Ford stopped Ford Explorer production in Chicago due to lack of access to rare earth minerals [2] Regulatory Environment - China imposed export restrictions requiring licenses for rare earth mineral exports [1] - Approximately 25% of permit applications have been approved [2] - The previous system did not require permits for rare earth mineral exports [2]