China's rare earth exports clampdown: Curbs backfire as local...

Dununu.com Dununu

Patrocinados

China's rare earth exports clampdown: Curbs backfire as local magnet makers reel from demand collapse; revenues plunge and inventories pile up despite US deal

RSS Feed Business

Posted

90

China's curbs on rare earth exports have shaken the global auto industry. Carmakers faced production halts. The restrictions also hurt Chinese magnet producers. Magnet exports saw a sharp decline. A deal between the US and China aims to restart trade. However, recovery is expected to be slow. Domestic magnet firms face challenges.

Read Full Article

Please log in to like, share and comment!

‘Not acceptable to people of Hindustan’: Farooq Abdullah slams poll body for Bihar voter roll revision; says will lead to mass agitation

By 0 0

BJP demands apology from Mallikarjun Kharge for ‘objectionable’ remarks against President Droupadi Murmu and Ramnath Kovind; Congress defends statement

By 0 0

'Cricket not as intimidating as the Centre Court': Virat Kohli on Wimbledon experience

Virat Kohli, attending Wimbledon, expressed that playing cricket, even in packed stadiums, is...

By 0 1

Chinese national arrested with Rs 14.4 million in Boudha

KATHMANDU: A Chinese national has been arrested in Boudha, Kathmandu, with Rs 14.4 million in...

By 0 15

Foreign exchange reserves exceed Rs 2.56 trillion

KATHMANDU: Nepal’s foreign exchange reserves have surpassed Rs 2.56 trillion, according to...

By 0 26