India is launching a ₹1,000 crore scheme to produce rare earth magnets domestically, reducing dependence on Chinese imports. Rare earth magnets are vital components in industries such as electronics, electric vehicles (EVs), and wind energy. Despite having vast reserves, India lacks advanced processing technology and faces regulatory hurdles. A larger...
India’s auto sector faces a threat from rare earth magnet shortages, as inventories are expected to run out by mid-July 2025 amid China’s export restrictions, reveals a recent report by ICRA. With 85% of imports sourced from China, the crisis exposes strategic vulnerabilities. According to rating agency ICRA, the Indian...
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