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China may relax rare earth export curbs for some chip companies
Economic Times
·
2m ago
Medial
China is considering easing rare earth export controls for certain Chinese and European semiconductor companies, according to state media. Initially, China placed export restrictions on rare earths, requiring all exporters to obtain licenses, causing delays and confusion. The potential relaxation follows discussions between Chinese officials and European semiconductor firms about accelerating approval processes to stabilize supply chains. European industries have expressed urgent concerns over potential production halts due to input shortages.
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Microsoft will urge Trump to overhaul curbs on AI chip exports: report
Economic Times
·
5m ago
Medial
Microsoft is urging President Trump to relax AI chip export restrictions, particularly for allies like India, Switzerland, and Israel, according to a Wall Street Journal report. Microsoft's appeal aligns with concerns that tighter U.S. controls on AI chip exports, especially to China, hamper American technology firms. Microsoft warns allied nations may look to China for access to advanced computing solutions. The plea is in response to existing and proposed export restrictions that complicate global AI infrastructure competitiveness.
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Over 21,000 jobs in audio electronics segment at risk due to China's rare earth curbs: Elcina estimates
Economic Times
·
1m ago
Medial
Over 21,000 jobs in India's audio electronics sector are at risk due to China's restrictions on rare earth metal exports, as per ELCINA. China's export licensing on essential rare earth metals like terbium and dysprosium has disrupted global supply chains, impacting India's hearables and wearables industry. This shift has led to increased dependency on fully assembled imports from China, risking both direct and indirect jobs, particularly in regions like Noida and South India.
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China flexes chokehold on rare-earth magnets as exports plunge in May
Livemint
·
1m ago
Medial
In May, China's exports of rare-earth magnets fell by 74% from the previous year due to imposed controls, emphasizing its dominance in this crucial industry. Rare-earth magnets are essential for electric vehicles and jet fighters, and the decline marks the biggest percentage drop since records began in 2012. This move amid U.S.-China trade tensions highlights the strategic importance of rare-earth materials, as China's export levels hit their lowest since February 2020.
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Mahindra, parts maker Minda eye local rare earths production to cut reliance on China, sources say
Economic Times
·
29d ago
Medial
Indian companies Mahindra & Mahindra and Uno Minda are planning to produce rare earth magnets locally, reducing reliance on China. This move aligns with India's incentives to boost domestic manufacturing of these critical components essential for electric vehicles and electronics. With China controlling 90% of global rare earth magnet production and recent export restrictions, India is focusing on building local capacity. Government partnerships and incentives are crucial for overcoming challenges in raw material availability and production capabilities.
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India moves to conserve its rare earths, seeks halt to Japan exports, sources say
Economic Times
·
1m ago
Medial
India has instructed state-owned miner IREL to halt exports of rare earth elements to Japan, seeking to conserve the minerals for domestic use and reduce reliance on China. The rare earth materials, essential for producing electric vehicle motors, have been supplied under a 2012 agreement with Japan's Toyotsu Rare Earths India. With changes in global rare earth supply dynamics, India aims to bolster its domestic capabilities and negotiate the existing export agreements amicably.
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India hopeful of positive outcome from talks over China's rare earth import issue, says official
Economic Times
·
1m ago
Medial
India is engaged in discussions with China to resolve export restrictions on rare earth magnets, crucial for the auto sector. These restrictions impact domestic industries, including automobiles and white goods. Commerce Secretary Sunil Barthwal stated the curbs are not India-specific, and diplomatic and commercial negotiations are ongoing to secure essential imports. China's new policy requires special export licenses for certain rare earth elements, impacting global supply chains.
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Auto sector pushes 3-step plan to cut China dependence for rare earth magnets
Economic Times
·
1m ago
Medial
The Indian auto industry has proposed a three-step plan to reduce dependence on China for rare earth magnets, crucial for electric vehicles. This includes incentivizing local assembly and recycling, as well as securing supplies from countries like Australia and Vietnam. Industry leaders urge government engagement with China to ease export restrictions while developing downstream and upstream domestic processing capabilities. Tensions with China complicate the situation, though some approvals for European parts makers offer hope.
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China warns of 'necessary actions' if US escalates chip curbs
Economic Times
·
8m ago
Medial
China issued a warning to the United States, stating that it would take necessary actions to protect its firms if the U.S. escalated chip control measures. Reports suggest that the Biden administration might unveil new export restrictions on Chinese chip companies. The U.S. has been tightening controls on semiconductors due to concerns about China's military advancements. China strongly opposes these measures, stating that they disrupt the international economic and trade order and damage cooperation between the two countries. China plans to protect the legitimate rights of its enterprises if control measures intensify.
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Automakers urge Indian govt for diplomatic outreach to China for rare earths
Livemint
·
1m ago
Medial
The Indian auto industry is urging government intervention with China to address rare earth export issues critical for electric vehicle production. Despite obtaining visas, Indian automakers failed to meet with China’s commerce ministry and now seek government support to resolve the export halt and approval delays for new applications. Trade tensions with China threaten production cuts, emphasizing the urgency for securing necessary licenses and maintaining industry operations.
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Magnet crunch: Indian firms pitch supply chain plans to curb China’s rare earth dominance
Economic Times
·
1m ago
Medial
Facing a rare earth magnet supply crunch due to China's export restrictions, Indian companies are proposing in-house magnet supply chains to the government. Midwest Advanced Materials and Entellus plan to produce locally, while Indian Rare Earths aims to match China's pricing. Dependence on Chinese imports has hindered past domestic magnet production. The government is considering a ₹3,500–5,000 crore incentive scheme to boost local production and reduce reliance on China for critical components.
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