India’s rare earths story is a masterclass in how to waste a natural advantage. While China was turning obscure minerals into the building blocks of modern technology, India sat comfortably on one of the world’s largest reserves, treating them as if they were just another kind of beach sand.
U.S. President Donald Trump warned that Washington could impose a 200% tariff on rare-earth magnets imported from China if Beijing fails to resume adequate supply. He made the statement during talks with South Korean President Lee Jae-myung at the White House. Strategic Importance of Magnets Rare-earth magnets are vital components in defense equipment, electric vehicles,
India has finally woken up to the strategic importance of rare earths. The ₹5000 crore incentive scheme, IREL’s magnet facility in Vizag, and the launch of the National Critical Mineral Mission show that the country is no longer ignoring this vital resource. But laying a foundation is not the same as building a house. China’s […]















