India’s automakers face a crippling shortage of heavy rare earth magnets as over 50 import applications remain stuck in China since April, when Beijing tightened curbs. Despite improving ties, supplies haven’t resumed, forcing design changes and desperate sourcing methods. Modi’s meeting with Xi this weekend will test if Beijing offers relief amid global supply chain risks.
from Auto-Industry-Economic Times https://ift.tt/XjJZ1OY
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