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Inventories of rare earth magnets for certain applications may taper off by mid-July: Report

Millennium Post Delhi

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Delhi 13 June 2025

While automobile industry is exploring a range of contingency options, each of these appears ridden with logistical, regulatory, engineering complexities

NEW DELHI: Inventories of rare earth magnets may taper off by mid-July for certain automotive applications, following the export restrictions from China and ensuing shipment delays, rating agency Icra said on Thursday.

While the automobile industry is exploring a range of contingency options, each of these appears ridden with logistical, regulatory, and engineering complexities, exacerbating the prevailing uncertainty, it stated.

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