Tuesday, June 3, 2025

China's rare earth curbs threaten India's auto sector, EV production

India's auto industry faces disruption as China restricts rare earth magnet supplies, crucial for EVs and other components. Despite embassy endorsements for some importers, China's commerce ministry hasn't approved shipments, impacting various sectors beyond automobiles. Diplomatic efforts are underway to resolve the issue, which stems from China's export controls on rare earth elements.

from Auto-Industry-Economic Times https://ift.tt/pXwft0Y

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