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GM, VAC Are in Arbitration After GM Ends Rare-Earth Magnet Supply Deal

The arrangement involved a U.S. factory that manufactures rare-earth magnets.

Metal magnet blocks move along a quiet factory conveyor / TokenPost.ai
Metal magnet blocks move along a quiet factory conveyor / TokenPost.ai

An arbitration now involves General Motors and Vacuumschmelze (VAC), a German company, after GM ended a long-term supply arrangement tied to a U.S. rare-earth magnet plant.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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