The magnet shortage that would stop American manufacturing before the chip shortage
Semiconductors aren't the only critical component with a single point of failure. America's real supply chain bottleneck sits inside a rare earth magnet that China controls, and domestic factories are scrambling to catch up.
TL;DR
- Rare earth magnets represent a critical supply chain bottleneck for the U.S.
- China currently controls the production of these magnets.
- This dependency poses a greater threat to American manufacturing than semiconductor shortages.
- Domestic factories are working to develop their own rare earth magnet production.