From my country's MSM
"The Chinese have 'turned off the tap' on valuable resources.
Elon Musk sounds the alarm.
View attachment 581172
China's decision to halt exports of rare-earth heavy metal magnets
has hit Elon Musk's business.
It will hamper work on Tesla's
Optimus robot.
'China produces the entire world supply of heavy rare earth metals from ore mined in China and Burma,
as well as 90 percent of magnets made from these metals.
Japan produces the rest of the magnets,
but uses raw materials from China',
'The New York Times' reports.
Rare earth magnets are crucial for Tesla's robots -
they prevent
'malfunction and overheating' of their electric motors,
which are placed in the arms of the Optimus.
'Musk's words that China's suspension of exports of some magnets is affecting his plans to build humanoid robots are
a clear signal that China's actions are starting to influence large American companies' ,
the NYT emphasizes."
More in the link
Decyzja Chin o wstrzymaniu eksportu magnesów z metalami ciężkimi ziem rzadkich uderzyła w biznes Elona Muska - donosi "The New York Times". Utrudni prace nad robotem Optimus, nad którym pracuje Tesla.
www.money.pl