China’s export restrictions on rare earth materials have triggered concern across India’s EV and electronics sectors. With critical supplies like terbium and dysprosium under curbs, the production of EV motors and consumer electronics faces disruption as early as July.
These metals are essential for neodymium-iron-boron (NdFeB) magnets, widely used in electric motors, speakers, wearables, and TVs.
While India has large rare earth reserves, it lacks the processing technology and heavy rare earths needed for magnet production. Plans are underway to build domestic capacity, but industry insiders warn it may take years.
As the country aims for 30% EV penetration by 2030, this crisis underscores the urgency of reducing dependency on imports.
Can India fast-track self-reliance in critical materials?
Views would be welcome.
𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫: This article has references to official and open sources, including the Reuters and Times of India
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