It seems that the USA outsourced both the mining and refinement/manufacturing that results in rare earth magnets. Used in everything from cellphones to Hybrid autos.
China has cut of most if not all exports of the materials used to make rare earth magnets.
Toyota cannot make hybrid autos without the materials....
Experts say it will take us at minimum 3 years to gear back up our production/refinement, manufacturing to make rare earth magnets in the USA again.
Smooth move corporate exlax.
ps it was outsourced to save money.
China has cut of most if not all exports of the materials used to make rare earth magnets.
Toyota cannot make hybrid autos without the materials....
Experts say it will take us at minimum 3 years to gear back up our production/refinement, manufacturing to make rare earth magnets in the USA again.
Smooth move corporate exlax.
ps it was outsourced to save money.