China eases restrictions, grants licences to Indian firms to import rare earth magnets
NEW DELHI: China has granted licences to an unspecified number of Indian firms to import rare earth magnets, the external affairs ministry said on Thursday against the backdrop of production of electric vehicles being hit by Beijing’s recent restrictions on exports of the key components. Ministry of External Affairs spokesperson Randhir Jaiswal speaks during a media briefing in New Delhi (@MEAIndia) China’s move to ease restrictions on the supply of critical minerals came weeks after India raised the issue with the top Chinese leadership amid efforts by the two countries to normalise their relations following the more than four-year military standoff along the Line of Actual Control (LAC). “Yes, we confirm that some Indian companies have received licences for importing rare earth magnets from China,” external affairs ministry spokesperson Randhir Jaiswal told a weekly media briefing in response to a question on whether four Indian firms had been permitted by the Chinese government to import rare earths. “As far as the question of the latest talks and relaxations that have happened between US and China [and] as …




