ENA Global 2025-06-17 15:55:21 <p><span style="font-size:14px"><strong>New Delhi, Jun 17 (KNN)</strong> India is actively pursuing a diplomatic and commercial resolution with China over recent export restrictions on rare earth magnets, which are critical to the countrys automobile and consumer electronics industries, according to a report by PTI. </span></p> <p><span style="font-size:14px">The government hopes that ongoing discussions will help ease supply disruptions caused by Chinas new licensing requirements.</span></p> <p><span style="font-size:14px">Chinas revised export regime, effective April 4, mandates special licences for the shipment of seven key rare earth elements and their related magnets&mdash;materials such as samarium, gadolinium, terbium, dysprosium, and lutetium. </span></p> <p><span style="font-size:14px">These elements play a crucial role in the manufacture of electric motors, braking systems, smartphones, and strategic technologies including missile systems.</span></p> <p><span style="font-size:14px">Commerce Secretary Sunil Barthwal confirmed that the restrictions are global in nature and not targeted specifically at India. </span></p> <p><span style="font-size:14px">However, Indian automakers and appliance manufacturers have raised concerns over delayed shipments and have urged the government to intervene. </span></p> <p><span style="font-size:14px">The impact is more pronounced in the auto sector, Barthwal said, noting that the government is in close contact with industry bodies including the Society of Indian Automobile Manufacturers (SIAM) and the Automotive Component Manufacturers Association of India (ACMA).</span></p> <p><span style="font-size:14px">To mitigate the impact, the Indian government is facilitating dialogue between domestic automotive firms and their Chinese vendors. </span></p> <p><span style="font-size:14px">Additionally, both the Ministry of External Affairs and the Department of Commerce have been engaging directly with the Chinese Ambassador in New Delhi. </span></p> <p><span style="font-size:14px">We are making all efforts to ensure that essential imports continue. I believe these diplomatic and commercial conversations will yield a positive outcome, Barthwal stated.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 42478 https://knnindia.co.in/news/newsdetails/global/india-engages-china-to-resolve-rare-earth-magnet-export-restrictions 2025-06-17 15:55:21 knnindia.co.in