The world’s largest carmakers could face a potentially crippling shortage of aluminium, as China’s power crisis threatens supplies of a key component used to make the lightweight metal.
Magnesium is an essential raw material for the production of aluminium alloys, which are used in everything from gearboxes, to steering columns, seat frames and fuel tank covers.
Owing to production curbs in China, which has a near monopoly on the magnesium market, stockpiles of the metal are running dangerously low across Europe.
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