Provided by Christina Amanan and Laurie Chen
Berlin/Beijing (Reuters) -The threat of cars throughout the car supply chain fades when Chinese rare land magnets begin to flow, although car manufacturers and suppliers say that production plans are still facing uncertainty and constant risk of deficiency.
European suppliers received enough licenses to avoid widespread disorders to be earlier this month, but hundreds of permits remained, said Nils Poel, Market Affairs Manager for the Clepa Suppliers Association.
According to him, the release percentage is “acceleration” and increased to 60% from 25%, but cases where end -users are located in the US or where products move through third countries such as India are used longer or are not priority.
“In general, the feeling that we will probably still have production in July and that the effect will be managed,” he said.
“Perhaps here and there will be affected by the production line, but we avoided it.”
In a Volkswagen statement, Reuters was stable for its Reth Earth Components, and the competing Stelrantia said she had drawn attention to its direct production problems.
China has limited exports of seven rare lands and related magnets in April for vengeance at US rates.
Three months later, there is a great deal of uncertainty about how she intends to police police police police to police that her opaque and sophisticated export licensing system.
Since restrictions have been imposed, rare land magnets exported from China has fallen by about 75%, resulting in stopping some car manufacturers’ production line in Asia, Europe and the US.
From “all panic” to “bar minimum”
The White House said Thursday that it had signed an agreement with China to speed up rare land confirmations without providing details. Beijing said that after a few hours, both parties confirmed detailed information about the agreement made in London earlier this month, which was to resolve the rare land problem and would process export licenses in accordance with the law.
No country has stated any changes to the existing export licensing system.
The US Treasury Secretary Scott Bessent said in an interview on Friday that a rare land parcel to the United States from China would be accelerated by all companies that had previously received regularly.
“I’m convinced now … magnets will flow,” Bessent said. “This is an escalation.”
Two weeks ago, the automotive industry was “full panic”, but the approval of Chinese licenses has accelerated and is now a lower threat of a sudden stop, according to the leading US car supplier executive and source aware of the supply chain in the leading European car manufacturer. Both asked not to name the sensitivity of the question.