India weighs options as rare earth magnet supply from China stalls

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The Indian government is closely examining the ongoing disruption in the supply of rare earth magnets from China, an issue that has impacted Indian industry since early April. According to sources, senior officials from the Prime Minister’s Office, the Ministry of Heavy Industries, the Ministry of External Affairs, and the Ministry of Commerce are involved in discussions on how to support affected sectors and engage with Chinese authorities.

Since April 4, Indian companies have not received any rare earth magnets following a new rule introduced by…



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India weighs options as rare earth magnet supply from China stalls


The Indian government is closely examining the ongoing disruption in the supply of rare earth magnets from China, an issue that has impacted Indian industry since early April. According to sources, senior officials from the Prime Minister’s Office, the Ministry of Heavy Industries, the Ministry of External Affairs, and the Ministry of Commerce are involved in discussions on how to support affected sectors and engage with Chinese authorities.

Since April 4, Indian companies have not received any rare earth magnets following a new rule introduced by…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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