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China allows Indian firms to import rare earth magnets
Financial Express Bengaluru
|October 31, 2025
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.
This story is from the October 31, 2025 edition of Financial Express Bengaluru.
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