New Delhi/Beijing, June 14 -- In a move that could ease stress on global industrial supply chains, India and China on Thursday indicated willingness to initiate dialogue aimed at restoring trade in rare earth magnets-a crucial input across sectors like automobiles and semiconductors.

This potential thaw follows months of disrupted supply after Beijing imposed export controls on key rare earth elements (REEs) in April, severely affecting global manufacturing.

While Lin noted that operational specifics would be handled by relevant authorities, this marks the first time China has publicly acknowledged a possible engagement with India since the restrictions began.

India's ministry of external affairs also confirmed ongoing efforts to addre...