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China allows Indian firms to import rare earth magnets
October 31, 2025
|Financial Express Hyderabad
CHINA HAS GRANTED licences to certain Indian companies to import rare earth magnets, the ministry of external affairs (MEA) said on Thursday.
China’s decision to ease restrictions on supply of rare earth minerals to India came amid efforts by the two sides to normalise bilateral ties that came under severe strain following the over four-year-long military face-off along the Line of Actual Control (LAC) in eastern Ladakh.
“Some Indian companies have received licences for importing rare earth magnets from China,” MEA Spokesperson Randhir Jaiswal said at his weekly media briefing.
While Jaiswal didn’t elaborate on it, reports said that the four companies are DE Diamond, Hitachi, Continental India, and Jay Ushin.
هذه القصة من طبعة October 31, 2025 من Financial Express Hyderabad.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Financial Express Hyderabad
Financial Express Hyderabad
Nebius signs $27-bn AI infra deal with Meta
AMSTERDAM-BASED AI infrastructure firm Nebius Group said on Monday it has agreed with Meta Platforms to provide the social media giant with $12 billion worth of AI computing capacity across multiple locations by 2027. Under the agreement, Meta will also buy an additional $15 billion worth of capacity planned by Nebius over the coming five years if it is not sold to other customers, giving the contract a total value of up to $27 billion, Nebius said.
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EV adoption, premiumisation will power our next growth cycle
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No relief likely for small vehicles under CAFE-III
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Ozempic patent expiry heralds weight-loss drug boom in India
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Ehrlich, author of The Population Bomb, dies
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Basmati exports may rise despite war impact: Crisil
More relief for exporters this week
1 min
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Financial Express Hyderabad
OXMIQ Labs ties up with AM Group
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MakeMyTrip mulls India IPO
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Financial Express Hyderabad
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