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India’s rare earth magnets crisis: What lies ahead for the EV sector?

June 11, 2025 2 min read
author Anamika Mishra [Sub Editor]
As China tightens export controls on rare earth magnets, the shockwaves are being felt across global logistics and supply chain management, particularly in the automotive, defense, and consumer electronics sectors. For India’s electric vehicle (EV) ecosystem, the crisis exposes a critical weakness overdependence on Chinese supply chains. Despite possessing the third-largest reserves of rare earth elements, India has yet to build a self-reliant logistics chain management infrastructure to extract, refine, and manufacture these vital components. Meanwhile, China dominates the market by mining 61% and refining 91% of the global rare

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