India's Rare Earth Magnet Push

INDIA NEWS

By Aniket Chakraborty June 7, 2025 Arrow

This move follows China’s curbs on rare earth exports that jolted global auto and defence sectors.

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India wants to create long-term stockpiles and offer subsidies to match China's pricing.

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Sources say the government may fund the price gap between Indian and Chinese magnets.

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India has the world’s 3rd-largest rare earth reserves—but processes only a small fraction.

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Current imports largely support electric vehicle (EV) and defence manufacturing.

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India's auto sector has warned of possible shutdowns due to rare earth supply crunch.

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Suzuki halted Swift production in Japan—India fears similar disruptions.

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Modi government’s Critical Minerals Mission aims for self-reliance in this vital sector.

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Can India reshape the global magnet supply chain, or is time running out?

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