Thursday, October 21, 2021

China...again??

The Car Shortage Is About To Get A Whole Lot Worse
  • A critical element in everything from engines to bodies is in short supply
"...A global shortage of magnesium could result in a near-total shutdown of the auto industry — one that experts say could come by the end of this year...
...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!!

No comments: