Companies seeking rare earth magnets get Chinese visas

THE CHINESE AUTHORITIES have issued visas to companies that are seeking to source rare earth magnets and their contacts with the government agencies in Beijing clearing these exports are on, commerce secretary Sunil Barthwal said on Thursday.

- MUKESH JAGOTA

He said that the efforts are on to address the issue of supply of these magnets that are a key input for manufacturers of electric vehicles.

"The companies are also trying to find ways and means by which their supply chains are not impacted," he added.