BS EDIT: China’s Control of Rare Earths: A Global Risk

By Business StandardPublished On Apr 15, 2025

China restricts rare earth exports

China has limited exports of seven rare earths, crucial for sectors like energy and defence, disrupting global supply chains

An economic weapon in play

China’s move could target the US, India, and Europe, reminiscent of its 2010 export ban on Japan

Global impacts on key industries

The rare earth crisis could hit electric vehicle production, robotics, and military readiness in Western nations

India’s rare earth dilemma

India’s reliance on public sector sourcing limits exploration. The private sector must step up to secure resources

India’s opportunity in the supply chain

India should focus on diversifying imports and building processing capacity, especially in rare earth metallurgy

Time for government action

The Indian government must incentivise private sector involvement to reduce reliance on China and secure global supply chains