Auto sector rushes to secure rare earth as inventory falls

DOMESTIC auto industry is racing against time to secure rare earth materials, including magnets, as many players risk exhausting their inventory in less than a month.

- ARSHAD KHAN @New Delhi

DOMESTIC auto industry is racing against time to secure rare earth materials, including magnets, as many players risk exhausting their inventory in less than a month. Two industry executives told TNIE they are in discussions with suppliers, who are awaiting China's approval to resume rare earth material exports to India. There has been no breakthrough yet.