China currently manufactures approximately 85–90% of the magnets and virtually all of the rare earth metals that supply global supply chains, industry analysts estimate, as of 2025.

The rare-earth mineral dysprosium, used for magnets in electric-vehicle motors, is among exports China slowed in response to Trump’s trade war.

A disruption in rare earth magnet supplies lasting beyond a month can impact production of passenger vehicles, including electric models, weighing on the domestic automobile industry's growth ...