General Motors makes moves to source rare earth metals for EV motors in North America

URLhttps://www.theverge.com/2021/12/9/22825948/gm-ev-
Sourcehttps://www.theverge.com/
Date Published12/09/2021
Author NameAndrew J. Hawkins

Additional Reshoring Information:

Type of work Manufacturing
Reshoring category:Reshoring
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2024
Domestically, the work will be done:In-house
State(s) reshored to:NV
If relevant, work nearshored to:-
Industry(ies):Castings/Foundries - Subset of Primary Metal Products, Chemicals, Fabricated Metal Products, Primary Metal Products (not including Foundries and Castings), Transportation Equipment
Product(s) reshoredRare earth metals for electric vehicle motors
What non-domestic negative factors made offshoring less attractive?Strained offshore relationships, Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Image/brand
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