Rare earth magnets: India hurries to set up new supply chains for key EV component as China curbs exports

India is urgently working to establish alternative rare earth magnet supply chains with five strategic partner nations Vietnam, Indonesia, Japan, the US, and Russia as China tightens its export control on this critical electronic supply chain component. With the rare earth magnets being essential for electric vehicle (EV) production and clean energy technologies, this supply chain disruption poses a major threat to India's automotive ambitions and future supply chain tracking capabilities. Currently, India imports approximately 809 tonnes of rare earth magnets annually, primarily from China. As the country advances its supply chain management development program and strengthens its digital supply chain infrastructure, securing a stable and diversified source of rare earth magnets has become imperative. Parallel dialogues are