China rare earths curbs hit Indian industry hard; cos seeking licenses doubles

Indian industries face supply chain disruptions as China tightens export controls on rare earth magnets, a crucial component for automobile manufacturing. The number of Indian firms seeking import permits has nearly doubled, including major players like Bosch and TVS Motor. Indian industries face supply chain disruptions as China tightens export controls on rare earth magnets, a crucial component for automobile manufacturing. The number of Indian firms seeking import permits has nearly doubled, including major players like Bosch and TVS Motor.