Rare-Earth Magnet Licensing Boosts India EV Supply Chain Resilience
In a significant boost for India’s electric vehicle segment, China has granted import licences for rare-earth magnets to four Indian companies: Continental India, DE Diamond Industries, Hitachi Magnetics (India), and Jay Ushin (India). These licences follow strict end-user certifications ensuring the material will not be diverted to the US or used for defence production. The…