However, no approvals have been granted so far, sources said. China controls over 90per cent of global processing capacity for the magnets, used across multiple sectors including automobiles, home appliances and clean energy.
- Updated On Jun 9, 2025 at 08:38 AM IST
Read by: 100 Industry Professionals
Read by 100 Industry Professionals
The Chinese govt has put restrictions, with effect from April 4, mandating special export licences for seven rare earth elements.“>
New Delhi: The automobile industry has sought govt support in expediting approvals from the Chinese govt for importing rare earth magnets used in various applications, including passenger cars. As per sources, various domestic suppliers have already sought approval from the Chinese govt through their local vendors in China.However, no approvals have been granted so far, sources said. China controls over 90per cent of global processing capacity for the magnets, used across multiple sectors including automobiles, home appliances and clean energy.The Chinese govt has put restrictions, with effect from April 4, mandating special export licences for seven rare earth elements.
- Published On Jun 9, 2025 at 08:38 AM IST
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