How China's Ban On Rare Earth Magnets Is Creating Trouble For Indian Automakers
India's auto industry is facing a huge challenge. The world's third-largest automotive market is at risk of coming to a grinding halt. It is running low on supply of rare earth magnets, a crucial component in electric vehicle motors. India sources it from neighbour China, which holds a near-monopoly on the prized possession. The automakers have one month to secure a fresh supply before operations start taking a hit. How did india land in this position?
