India Emerges as Key Player in Global Rare Earths Supply Chain
India is positioning itself as a strategic third pillar in the global rare earths supply chain following a recent breakthrough in U.S.-China relations that has temporarily eased Chinese export controls. With substantial reserves of rare earth minerals and a governmental push towards self-reliance under the Atmanirbhar Bharat initiative, India is enhancing its domestic processing capabilities and attracting private sector investments, particularly in magnet manufacturing. Collaborative efforts under the Quad alliance with the U.S., Japan, and Australia are facilitating technology transfer and exploration projects. This strategic alignment not only strengthens India’s manufacturing potential but also aims to reduce global dependency on China, enhancing resilience in the rare earths market amidst rising geopolitical tensions.
