<ul><li>China's restrictions on rare earth minerals and magnets have led to halting of auto industry production lines in the US and Europe.</li><li>European car part manufacturers have already stopped production due to the restrictions.</li><li>China is estimated to control over 90% of the rare earth supply chain, causing worldwide implications.</li><li>Companies now require licenses to export materials, with approvals difficult to obtain, leading to concerns of future shortages in various industries.</li></ul>

China’s rare earth restrictions halt first auto industry production lines

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