MEMA and the Alliance for Automotive Innovation send letter to the Trump Administration

“Without reliable access to these elements and magnets, automotive suppliers will be unable to produce critical auto parts, including automatic transmissions, throttle bodies, alternators, various motors, sensors, seat belts, speakers, lights, electric motors, power steering and cameras,” MEMA and the Alliance for Automotive Innovation said in a letter to the Trump administration. China’s exports of rare earth magnets fell by half in April as companies grappled with an opaque licensing process that sometimes requires hundreds of pages of documents.