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India Invests INR7,300 Crore to Cut China REE Reliance

10/10/2025

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Summary

Story summary

India seeks to reduce reliance on China for rare earth elements (REEs) after export controls tightened.
China supplies more than 90% of refined REEs, affecting defense and electric-vehicle industries.
The government approved INR7,300 crore to produce 6,000 tonnes of rare earth magnets annually by 2030, supporting diversification beyond China and recycling.

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Story summary

India seeks to reduce reliance on China for rare earth elements (REEs) after export controls tightened.
China supplies more than 90% of refined REEs, affecting defense and electric-vehicle industries.
The government approved INR7,300 crore to produce 6,000 tonnes of rare earth magnets annually by 2030, supporting diversification beyond China and recycling.