India ramps up rare earths production to meet Chinese challenge
Sai Nikesh D | The Dollar Business Rare earths such as neodymium are used in laser manufacturing and hybrid cars Several countries, including India, are beginning to tap into their rare earths reserves to ensure a steady supply and reduce the monopoly of China in the rare earths market. China’s dominance of the rare earths metals, key ingredients in the manufacture of a host of items from LED lights to smartphones to missiles, has gained much attention in the recent years. Concerns were partly addressed this month, when China removed some restrictions on rare earths exports following an order by the World Trade Organisation (WTO) last year. Experts say that the ruling has resulted in a sharp fall in rare ...
