No short-term solutions for rare earth crisis: ACMA

The Indian auto component industry has no immediate solution to tackle the crisis triggered by China's ban on rare earth exports, Automotive Component Manufacturers Association (ACMA) president Shradha Suri Marwah said on Friday.

- ENS ECONOMIC BUREAU @ New Delhi

However, she added that the industry is working on long-term alternatives.

"On the rare earths, we can say that we don't have any short-term solutions for this crisis," Marwah said.