China OKs supply for rare earth magnets to India: What exactly are these used for
India has granted licenses to select companies for importing rare-earth magnets from China, a crucial component for electric vehicles and electronics. These powerful magnets, despite their name, are not rare but difficult to process. The move comes as China dominates global production, with strict conditions preventing re-export or military use.
India has granted licenses to select companies for importing rare-earth magnets from China, a crucial component for electric vehicles and electronics. These powerful magnets, despite their name, are not rare but difficult to process. The move comes as China dominates global production, with strict conditions preventing re-export or military use.
