Rare earth, rarer nod: Indian firms’ magnet waitlist doubles in 2 weeks, sends industry into supply tailspin

The number of India-based companies awaiting rare earth magnet procurement licences from China has nearly doubled to 21. This delay, following China's new export regulations requiring end-user certificates, threatens production disruptions for Indian automobile manufacturers who rely on these magnets. Diplomatic efforts are underway to resolve the issue.

from Auto-Industry-Economic Times https://ift.tt/nRKse6i