Indian auto delegation yet to leave for China for talks to expedite supply of rare earth magnets
New Delhi, 29 June (PTI) Indian automobile industry representatives, according to industrial sources for a meeting of the Chinese Ministry of Commerce, has not yet left to accelerate the imports of rare earth magnets.
Approximately 40-50 industrial manager received a visa last month, but it is still shaking an official head of the Chinese authorities for meetings.
The domestic automobile industry facing famine sought government support to accelerate approval from China to import rare soil magnets.
“They (Chinese authorities) have not made any appointments so far, so the delegation has not yet been separated. He said.
If this is the case, the local automobile industry will look at famine and cause significant production losses.
The Chinese government has been forced to take steps since April 4, since April 4, as rare land elements and relevant magnets have imposed restrictions on the exports of the relevant magnets.
China required a special export license for seven rare earth elements and relevant magnets.
Countries control more than 90 percent of global processing capacity for magnets used in sectors, including cars, household appliances and clean energy.
Critical materials include electric motors, brake systems, smartphones and missile technology, samarium, gadolinum, manners, dysposium and lutetium.
Rare soil magnets, high torque, energy efficiency and compact size, the permanent magnet synchronous motors (PMSMs) used in homes are an integral part.
Hybrids also depend on them for efficient push. In internal combustion motor (ice) vehicles, the use of rare soil magnets is largely limited to electric hydraulic steering and other motor systems.
In April of this year, China, the dominant exporter of the rare earth magnets of the world, required export licenses by applying export restrictions to seven rare earth elements and finished magnets.
The reviewed frame requesting detailed expiration explanations and customer declarations, including confirmation that the products will not be used in defense or that they will not be re -exported to the USA.
India, which provides more than 80 percent of 540 tons of magnet imports from China in the last financial year, began to feel the effect.
Until May 2025, approximately 30 imports from Indian companies were approved by the Indian government, but not yet approved by Chinese authorities and no shipment has come.
