October 28, 2025
India’s Rs 7,300 Crore Rare Earth Magnet Dream Faces Heat as China Tightens Export Controls
India’s big Rs 7,300 crore plan to make rare earth magnets at home runs into a tough challenge! China’s new export restrictions on key equipment could be a game changer. While Germany and Japan offer alternatives, their costs are sky-high, making India’s dream trickier to achieve.