Neal Freiman

The problem is that China has a stranglehold on these components, controlling more than 90% of the market, and the Chinese stopped shipping those internationally two months ago, reportedly in retaliation for Trump's tariffs. Now, companies' stockpiles are dwindling, and without new supply, they say they're going to have to shut down factories imminently.

The problem is that China has a stranglehold on these components, controlling more than 90% of the market, and the Chinese stopped shipping those internationally two months ago, reportedly in retaliation for Trump's tariffs. Now, companies' stockpiles are dwindling, and without new supply, they say they're going to have to shut down factories imminently.

The rare earth shortage would be most devastating to the auto sector, the largest buyer of these magnets. Without the magnets, they simply can't make cars and would have to send workers home and turn the lights off. It's already happening. Last week, Ford temporarily closed its Ford Explorer SUV factory near Chicago due to a lack of magnets.

The rare earth shortage would be most devastating to the auto sector, the largest buyer of these magnets. Without the magnets, they simply can't make cars and would have to send workers home and turn the lights off. It's already happening. Last week, Ford temporarily closed its Ford Explorer SUV factory near Chicago due to a lack of magnets.

The rare earth shortage would be most devastating to the auto sector, the largest buyer of these magnets. Without the magnets, they simply can't make cars and would have to send workers home and turn the lights off. It's already happening. Last week, Ford temporarily closed its Ford Explorer SUV factory near Chicago due to a lack of magnets.

Toby, shades of the 2021 chip shortage here that devastated auto production. Are there any workarounds?

Toby, shades of the 2021 chip shortage here that devastated auto production. Are there any workarounds?

Toby, shades of the 2021 chip shortage here that devastated auto production. Are there any workarounds?

And it's just incredible what these magnets go into. It's literally everything. There are as many as 12 magnets in a single luxury car seat. They're also in high end speaker systems. So it's potentially you know, automakers could just say, OK, well, we can't make, you know, souped up cars anymore. You're not getting adjustable seats.

And it's just incredible what these magnets go into. It's literally everything. There are as many as 12 magnets in a single luxury car seat. They're also in high end speaker systems. So it's potentially you know, automakers could just say, OK, well, we can't make, you know, souped up cars anymore. You're not getting adjustable seats.

And it's just incredible what these magnets go into. It's literally everything. There are as many as 12 magnets in a single luxury car seat. They're also in high end speaker systems. So it's potentially you know, automakers could just say, OK, well, we can't make, you know, souped up cars anymore. You're not getting adjustable seats.

You're getting downgraded speakers because we just simply can't make these cars with the necessary requirements because we don't have magnets. So they are pleading. And it's not just the United States automakers. European automakers have also had to idle factories over the past few weeks because China's halted these shipments, not just to the United States, but all around the world. So

You're getting downgraded speakers because we just simply can't make these cars with the necessary requirements because we don't have magnets. So they are pleading. And it's not just the United States automakers. European automakers have also had to idle factories over the past few weeks because China's halted these shipments, not just to the United States, but all around the world. So

You're getting downgraded speakers because we just simply can't make these cars with the necessary requirements because we don't have magnets. So they are pleading. And it's not just the United States automakers. European automakers have also had to idle factories over the past few weeks because China's halted these shipments, not just to the United States, but all around the world. So

They are pleading with China to open up these shipments back. But it just goes to show how incredible a hand China has in this trade war because, I mean, there's nothing more powerful than holding these magnets because they are the entire world's Achilles heel. Without them, you can't make a single piece of advanced electronics.

They are pleading with China to open up these shipments back. But it just goes to show how incredible a hand China has in this trade war because, I mean, there's nothing more powerful than holding these magnets because they are the entire world's Achilles heel. Without them, you can't make a single piece of advanced electronics.

They are pleading with China to open up these shipments back. But it just goes to show how incredible a hand China has in this trade war because, I mean, there's nothing more powerful than holding these magnets because they are the entire world's Achilles heel. Without them, you can't make a single piece of advanced electronics.

I mean, these retailers are taking a massive hit from these hacks. Marks & Spencer, which is a UK retailer, expects to lose $400 million in operating profit because it can't sell anything online. It's been going on for weeks and it doesn't expect its e-commerce site to get back up until July. So that

I mean, these retailers are taking a massive hit from these hacks. Marks & Spencer, which is a UK retailer, expects to lose $400 million in operating profit because it can't sell anything online. It's been going on for weeks and it doesn't expect its e-commerce site to get back up until July. So that

I mean, these retailers are taking a massive hit from these hacks. Marks & Spencer, which is a UK retailer, expects to lose $400 million in operating profit because it can't sell anything online. It's been going on for weeks and it doesn't expect its e-commerce site to get back up until July. So that