https://www.miningweekly.com

GM, General Electric to develop supply chain of rare earth materials for EVs

6th October 2021

By: Reuters

  

Font size: - +

General Motors and General Electric said on Wednesday they plan to study ways they could develop a supply chain of rare earths and other minerals used to make electric vehicles and renewable energy equipment.

Both companies signed a memorandum of understanding to evaluate how they could work together to improve access to rare earths and rare earth magnets, as well as copper and steel.

No money changed hands between the companies and no decisions have been made on any steps the partners could take together, such as whether to build a manufacturing plant or mine.

The automaker said it would work with General Electric on opportunities in North America, where both companies are headquartered, as well as Europe.

"While we do not have a definitive timeframe for implementing it, working with GM gives us another tool to obtain reliable, sustainable and competitive sources of key materials," General Electric said in an emailed statement to Reuters.

Metal alloys and finished magnets produced from rare earth materials are critical parts used in manufacturing electric motors for automotive and renewable power generation.

Edited by Reuters

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION