Magnet mayhem! Number of Indian companies awaiting licences from...

added a post in Business

2025-06-15 06:13:08 -

Magnet mayhem! Number of Indian companies awaiting licences from China for rare earths doubles; industry supplies hit hard

Indian industries face supply chain disruptions as China tightens export controls on rare earth magnets, a crucial component for automobile manufacturing. The number of Indian firms seeking import permits has nearly doubled, including major players like Bosch and TVS Motor.

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