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Why is China Destroying Millions of US Electric Vehicles Valued at $500 Billion?

**Breaking News: China’s Export Ban Sends US Auto Industry into Crisis**

In a shocking turn of events, China has unleashed chaos on the American auto industry by halting exports of critical rare earth materials, triggering a potential $500 billion crisis. Major manufacturers, including Ford and General Motors, are reeling as assembly lines grind to a halt, leaving factories powerless and workers in limbo.

The abrupt ban on rare earth magnets—a key component in electric motors, smartphones, and even military jets—has exposed the United States’ alarming dependence on Chinese resources. With China controlling over 90% of the global rare earth processing and manufacturing capacity, the implications are staggering. Ford’s Chicago plant, which produces the Ford Explorer, has already suspended operations, and the fallout is rippling across the industry. Defense contractors warn that fighter jet production could cease within 90 days if supplies don’t resume soon.

This crisis isn’t just a temporary setback; it’s a wake-up call. The American auto sector, valued at $1.5 trillion, has been left vulnerable after decades of neglecting domestic rare earth production. As prices for these essential materials skyrocket, companies are scrambling for alternatives, but the reality is grim: there is no quick fix. While the White House grapples with the fallout, stock prices for Linus Rare Earths, the only major producer outside China, surged 12%, signaling a desperate search for solutions.

China’s strategic maneuver is not an isolated incident; it’s a calculated move reminiscent of past tactics used against Japan. The message is clear: without access to these irreplaceable materials, the US cannot sustain its manufacturing prowess. As the global supply chain hangs by a thread, the clock is ticking. The United States must act swiftly to reclaim its independence in rare earth production or face an unprecedented industrial paralysis. The stakes have never been higher.

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