GM Cancels Long-Term Rare Earth Magnet Supply Deal With US Plant

The collapse of the anchor offtake matters beyond one plant: a new domestic magnet facility losing its largest customer at the pre-production stage raises questions about the bankability of US rare earth capacity built around EV demand. The arbitration adds friction to an already fragile supply-chain story, and the cited policy shift suggests the demand backdrop for such projects is being reset. Whether other automakers step in to backfill that capacity, and how the arbitration resolves, are the open questions worth watching.