- A critical element in everything from engines to bodies is in short supply
...Essentially, you can’t make cars without aluminum.
You can’t work with aluminum without using magnesium.
And as of December, you may not be able to work with magnesium much — if at all.
Amos Fletcher, analyst for Barclays, put it succinctly: “If magnesium supply stops, the entire auto industry will potentially be forced to stop.”
...Unfortunately for the car industry, China is also the world’s primary supplier of magnesium — 85% of the world’s supply comes from the country.
The most prevalent magnesium-producing town in China, Yulin, just ordered 35 of its 50 production facilities to shut down...Read all!!
The most prevalent magnesium-producing town in China, Yulin, just ordered 35 of its 50 production facilities to shut down...Read all!!
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