Rare earth supply: Auto delegation to visit China

To expedite supply of rare earth magnets; around 50 executives have got visa approval but awaiting go-ahead from Chinese govt

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A delegation of auto industry representatives is gearing up for a China visit to expedite the import of rare earth magnets to Indian entities, as per the industry sources.

"Around 40-50 executives, representing both auto OEMs and component firms, have received visas and are now awaiting a go-ahead from China's Ministry of Commerce for a meeting," an industry source stated. No approvals have been granted so far, another source added.