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China's critical mineral squeeze: GTRI urges urgent localisation drive; reverse-engineering push seen key to cutting $100 bn trade gap
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China's mineral export restrictions pose a challenge to India's industries. Global Trade Research Initiative urges India to reduce dependence on China. They suggest reverse-engineering and local production. Restrictions impact electronics, defense, and clean energy sectors. Trade deficit with China has surged. Chinese firms dominate key Indian supplies. GTRI proposes industrial labs for domestic capacity building.
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Gold rate today: Yellow metal drops Rs 600 to Rs 99,020 per 10g; Silver plunges Rs 1,000 amid global cues
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