Over 21,000 Jobs in Audio Electronics Segment at Risk Due to China's Rare Earth Curbs: Elcina Estimates

Over 21,000 Jobs in Audio Electronics Segment at Risk Due to China's Rare Earth Curbs: Elcina Estimates

Get latest articles and stories on Latest News at LatestLY. Over 21,000 jobs are at risk in the country's audio electronics segment due to restrictions imposed by China on the export of rare earth metals, according to an estimate shared by industry body ELCINA with the government. Latest News | Over 21,000 Jobs in Audio Electronics Segment at Risk Due to China's Rare Earth Curbs: Elcina Estimates.

China’s Curbs on Rare Earth Minerals Can Result in Big Layoffs in India

China’s continued restrictions on the export of rare earth minerals could reportedly have a negative impact on India’s consumer tech supply chain job market. In 2023, the Chinese government imposed stricter export controls over seven rare earth minerals due to the ongoing tariff war and trade-related tensions. Notably, these restrictions are placed on dysprosium, gadolinium, lutetium, samarium, scandium, terbium, and yttrium.

Over 21,000 jobs in audio electronics segment at risk  due to China's rare earth curbs: Elcina estimates

NEW DELHI, June 22: Over 21,000 jobs are at risk in the country’s audio electronics segment due to restrictions imposed by China on the export of rare earth metals, according to an estimate shared by industry body ELCINA with the government.   In April, China implemented strict export licensing on rare earth elements like terbium and dysprosium which are key inputs for high-performance NdFeB (Neodymium-Iron-Boron) magnets used in consumer electr…