India’s bold, but difficult mission! Why countering China’s rare earth magnets’ monopoly won’t be easy – major roadblocks ahead
China’s dominance in rare earth metals poses challenges for India, which seeks to establish a domestic production chain. Despite holding 6% of global deposits, India’s output remains low due to technical and economic hurdles. Government initiatives and international collaborations aim to reduce reliance on China, but significant investment and technological advancements are crucial for success.