China pledges to address #India’s #RareEarth needs, #Indian source says
India has the world’s fifth-largest rare earth reserves, at 6.9 million metric tons, but has no magnet production and relies on imported magnets, mainly from China.
NEW DELHI, Aug 19 (Reuters) – There is an upward trend in India-China relations and Beijing has promised to address New Delhi’s needs on rare earths, a top Indian official and a source said on Tuesday, as the neighbours rebuild ties that were damaged by a 2020 border clash.
Chinese Foreign Minister Wang Yi is visiting India for the 24th round of border talks with Indian National Security Advisor Ajit Doval and is also due to meet Prime Minister Narendra Modi on Tuesday, days before Modi travels to China for the summit of the Shanghai Cooperation Organisation.
Read more at: https://www.reuters.com/world/china/china-pledges-address-indias-rare-earth-needs-indian-source-says-2025-08-19/
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