No Breakthrough in Ongoing Talks With China Over Rare Earth Magnet

There has been no breakthrough in the ongoing discussions between India and China over the supply of rare earth magnets.

- Dipak Mondal @ New Delhi

Indian auto and electronic manufacturers are facing a massive shortage of rare earth magnets after China imposed export restrictions on materials.

A top government official told TNIE the talks between Indian and Chinese governments over easing of export rules are ongoing, but there has been no breakthrough. The government has maintained that India is engaging with China at both diplomatic and commercial levels to find a resolution to the crisis. However, the talks have not resulted in any positive results, sources said.