https://apnews.com/ae7cf30f64dac62df74f2a5f5a876f63

DETROIT (AP) — General Motors has taken two more steps to make sure it has the raw materials for the transition from petroleum to battery power, this time lining up magnets for electric vehicle motors.

On Thursday the company said it has a deal with MP Materials to supply rare earth metals and finished magnets for the motors from a new factory to be built in Fort Worth, Texas, starting in 2023.