New Delhi, June 9 -- The US-China trade war has opened a fresh front, now impacting Indian industry in a big way. China's curbs on exports of rare earth magnets-processed from rare earth elements (REEs)-have disrupted supply chains, particularly in the country's automobile sector.

The development also underscores why India must urgently reduce its dependence on China by ramping up domestic exploration and refining of its own rare earth reserves.

In April, Beijing imposed export restrictions on seven REEs in retaliation for US tariff hikes. Importers were forced to navigate a complex licensing system, triggering delays and shortages worldwide. Indian firms have faced stiffer restrictions than many others, Mint reported last week.





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