By Eric Onstad LONDON (Reuters) – German auto parts supplier Schaeffler has signed a raw materials deal to ensure the supply of rare earth magnets from Europe for its burgeoning electric vehicle (EV) motor business, an executive told Reuters. It is the first reported agreement by a European auto sector supplier or automaker to source rare earths within the region. The European Union is spearheading a drive to boost domestic production of rare earths and super strong magnets used in EVs and wind turbines to cut dependence on top supplier China. Schaeffler has agreed a five-year deal with Norway…