<ul data-eligibleForWebStory="true"><li>Global power play shifts to rare earth metals and minerals amidst escalating geopolitical tensions.</li><li>China's ban on critical rare earth elements impacts tech, defence, and automotive industries worldwide.</li><li>Indian automotive sector faces production delays and shortages of rare earth magnets.</li><li>Commerce minister emphasizes self-reliance to reduce dependence on Chinese imports.</li><li>India holds reserves of rare earth elements, but lacks mining infrastructure and technology.</li><li>China dominates the rare earth market with 70% of mined production and 90% of refined production.</li><li>Despite China's export ban, Indian automotive players remain undeterred.</li><li>Experts suggest developing rare earth-free technologies as a sustainable solution.</li><li>Companies like Ola Electric and Chara Technologies are already working on rare earth-free motors.</li><li>India's path to self-reliance in rare earth minerals faces challenges but presents opportunities for innovation.</li></ul>

China’s Rare Earth Ban: Indian OEMs Say All Bark No Bite

Discover more