Automakers Hit the Brakes on Electric Vehicle Investments

Via Metal Miner Month over month, the Automotive MMI (Monthly Metals Index) failed to break very far outside of its year-long sideways trend. All in all, the index dropped by 4.23% Numerous factors tugged the index down month-over-month, including slowing electric vehicle production. Another pressing matter putting pressure on the automotive market is China implementing further restrictions on rare earths exports. This includes restrictions on gallium and germanium, two metals vital for vehicle microchip manufacturing. With the automotive market…