Automakers on Alert as Beijing Tightens Controls

This sharp fall follows Beijing’s April decision to impose fresh curbs on exporting seven categories of medium-to-heavy rare earth products and certain magnets — materials integral to electric vehicles, wind turbines, semiconductors, and defense systems. China controls over 90% of global rare earth magnet production, making any restrictions a significant global risk. The impact is being felt acutely in India’s automotive sector, which depends on these magnets for motor assemblies and other critical EV components. Stocks in focus -

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