China grants India Rare-Earth Magnet licenses: How India is boosting its own REPM manufacturing

China Begins Exporting Rare Earth Magnets to India as Licensing Resumes I Economy India

Relief for EV, electronics and auto sector as supply resumes after months-long disruption New Delhi (Economy India): China has started granting export licences for Rare Earth Magnets (REMs) to Indian companies and foreign firms operating in India, easing supply concerns for the country’s automobile, electronics, and EV industries. According to government officials, the Chinese Ministry of Commerce has initiated the approval process after months …

China grants India Rare-Earth Magnet licenses: How India is boosting its own REPM manufacturing

New Delhi: China has kickstarted granting licences to import rare-earth magnets (REMs) into India, a report mentioned. Beijing’s move is expected to benefit the automobile industry and the business engaged in component manufacturing. Business Standard reported that China is issuing rare earth export licences to companies including Jay Ushin, Indian units of German automotive component maker Continental AG, vendors of Mahindra, vendors of Maruti …