China's dominance in the rare earth supply chain and supply chain risks for the robotics industry
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- 1China accounts for more than 90% of the global supply.
- 2Securing the rare earth supply chain is necessary for Tesla's annual robot production capacity plan of 1 million units.
- 3Approximately 6.5 million humanoid robots are expected to enter the market annually by 2035 according to Goldman Sachs forecasts, which are nearly five times higher than previous Goldman Sachs estimates.
So what's the key point?
China holds more than 90% of the world's rare earth supply. Securing these materials has become important for Tesla to produce many robots.
Source Oilprice.com · View original ↗
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