Friday, October 23, 2026

Mixed Messages -- GM Cancels Contract To Buy Magnets -- Say What? October 23, 2026

Locator: 52012MAGNETS. 

Tag: Hanau Germany Fort Sumter South Carolina --- who have thought those two geographical locations would have shown up on same page? Ever? 

Link here.

So much for contracts. If you can't trust GM, who can you trust ...  

Is GM in more trouble than we know? All of a sudden, the US has too many magnets? Enquiring minds want to know. I thought shortage of magnets was painting a doomsday scenario for the US, but apparently the shortage existed only to supply EVs. Now that GM is getting out of the EV business ... no more shortage? This is crazy -- I took the bait -- hook, line, and sinker that the US was short on magnets and China had the monopoly. 

 So, who, what, and where is "VAC"?