Reuters: Automakers Face Rare Earth Shortage, EU, India, and Japan Rush to China for Export Permits Negotiations According to a June 3rd report by Reuters, sources revealed that diplomats, automobile manufacturers, and other senior executives from India, Japan, and Europe are urgently seeking meetings with Chinese officials to urge Beijing to expedite the approval of rare earth magnet export permits. The shortage of rare earth magnets is becoming increasingly severe, and if not properly resolved, it will significantly increase the risk of global supply chain disruptions. Adam Dunnett, Secretary General of the European Union Chamber of Commerce in China, told Reuters: "This is an extremely urgent and critical moment for the automotive and electronics industries." He further pointed out that some companies may be forced to halt production as early as this week due to raw material shortages. [Smart Comment]: When there's a chokehold, they roll their eyes; when it loosens, they boast. This time, it's about the United States. The global supply chain is the result of the optimal allocation of resources in the free market. However, the Trump administration, for its own selfish interests, recklessly carried out destructive actions, forcing China to respond accordingly. Previously, the outside world generally believed that China was only restricting the export of rare earths to the U.S., but it turned out that China has been controlling the global rare earth exports to a certain extent. It seems that China intends to use the key means of rare earth exports to engage in interest games with various countries. After all, in the past, various countries seemed to think China was easy to bully, and there might even be people who intended to sacrifice China's interests to please the U.S., thereby achieving their trade agreements with the U.S. However, through the restriction of rare earth exports, China has made all countries face its interests when reaching trade agreements with the U.S., no longer able to ignore or sacrifice China's interests as before. [Image: //p26-sign.toutiaoimg.com/tos-cn-i-ezhpy3drpa/ba928081bb39422c83af4df10b9eefa1~tplv-obj:1280:720.image?_iz=97245&bid=15&from=post&gid=1834009353506823&lk3s=06827d14&x-expires=1756771200&x-signature=gTRpQrrrvztOHI2GSsetM9%2FdbrM%3D] Original article: https://www.toutiao.com/article/1834009353506823/ Disclaimer: This article solely represents the author's personal views.