<ul data-eligibleForWebStory="false"><li>India is drafting guidelines to boost domestic production of rare earth minerals and magnets to reduce dependence on China for critical inputs used in sectors such as telecom and EV.</li><li>Ministries of heavy industries and mines are collaborating on a scheme to incentivize the production of rare earth minerals and magnets for both private and public sector undertakings.</li><li>China, a major exporter of rare earth magnets, imposed restrictions on shipments of these elements, affecting countries like India, which heavily rely on Chinese imports for magnets.</li><li>Rare earth minerals like samarium, gadolinium, terbium, dysprosium, and lutetium are crucial for various technologies including electric motors, braking systems, smartphones, and missile technology.</li></ul>

India Drafts Guidelines To Boost Domestic Rare Earth Production, Reduce China Dependence

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