On October 23, General Motors fell 3.07% in Regular Trading, trading at $74.84, with turnover of $88.64 million.

The move followed disclosure that General Motors cancelled a long-term rare-earth permanent magnet supply agreement with e-VAC Magnetics, and the supplier has initiated arbitration seeking payments allegedly due for the remaining contract term.

The agreement, signed earlier, was intended to supply permanent magnets for General Motors electric vehicles from a new South Carolina facility. Recent filings tied to Energy Fuels' $1.9 billion acquisition of VAC indicated a customer terminated the agreement on July 1, and the arbitration outcome could also affect the transaction price, adding to investor focus on EV supply-chain stability and potential contract-related costs.

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