RE:"Devastating"Yikes--what happened to that post? Try again.
Jack Lifton, Mr. Rare Earths, describes a cut off of rare earth based magnets and motors from China "devastating".
"China could wreak maximum havoc by squeezing supplies of the magnets and motors that use the elements, said Jack Lifton, co-founder of Technology Metals Research LLC, who’s been involved with rare earths since 1962. The impact on American industry could be “devastating,” he said from Michigan.
“There is no such thing as an automobile sold in the U.S. or made in the U.S. that doesn’t have rare-earth permanent magnet motors somewhere in its assembly,” Lifton said. “It would be a tremendous hit to the consumer appliance industry and the automotive industry. That means washing machines, vacuum cleaners, cars. The list is endless.”"
https://finance.yahoo.com/news/u-risks-devastating-apos-blow-063020570.html