Breaking China’s Magnet Monopoly: India’s ₹7,280 Crore Rare Earth Gamble
Every electric vehicle motor in a Tata Nexon, Ola S1 scooter, or Mahindra BE 6e depends on a single critical component: rare earth permanent magnets containing neodymium, praseodymium, and dysprosium. And 90 per cent of those magnets come from China, which tightened export controls in December 2025, halting production lines and forcing Indian manufacturers to […]
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