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

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
Find Reshoring Articles