China Lifts Rare Earth Magnet Export Ban: Relief for India’s EV Industry, Push for Self-Reliance Gains Momentum
Rare Earth Magnet: After months of tussle and pressure on the supply chain, Beijing has finally lifted the rare earth magnet export ban on India. Last April, China imposed strict restrictions on the export of seven important rare earth elements and magnets. This was a big blow for India, which meets more than 80 percent of its needs from China.
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