China’s rare earth export curbs could drive India’s push for

As per a New York Times (NYT) report, shipments of rare earth magnets, a critical component used in manufacturing electric cars, missiles, even drones and robots have been halted at many Chinese ports. NYT has reported that the Chinese government is drafting a new regulatory system, which when in place, could permanently prevent supplies from reaching certain companies, including American military contractors. China accounts for over 70% of production of rare earth minerals across the globe. 75% of rare earth minerals imported into the United States between 2019 and 2022 came from China.

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