“Two decades ago, factories in Indiana that turned rare earth metals into magnets moved production to China — just as demand for the magnets was starting to soar for everything from cars and semiconductors to fighter jets and robots,” the New York Times reports.
“The United States is now reckoning with the cost of losing that supply chain.
The Chinese government abruptly halted exports of rare earth magnets to any country on April 4 as part of its trade war with the United States.”