India’s rare earth push hits new roadblocks: China curbs key equipment exports; Rs 7,300 cr magnet plan at risk

China’s tightened export controls on rare earth processing machinery and materials pose a significant threat to India’s Rs 7,300 crore plan for domestic production. These restrictions could impede India’s self-reliance goals for components vital to electric vehicles and high-tech industries, as China dominates global supply chains.

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