More than six months after it imposed export restrictions on rare earth materials, China has issued licences for exports of rare earth magnets to some Indian companies, the MEA has confirmed.

The one-year trade truce between China and the US , which includes an understanding on rare earth supplies to Washington, has eased the situation further as additional export curbs have been put off, sources tracking the matter said.

The development comes as a relief for the Indian auto and electronics sector, especially EV manufacturers, facing disruption after Beijing restricted supplies in April this year.

“I can confirm that some Indian companies have received licences for importing rare earth magnets from China. As far as there is a question of the recent talks and relaxations between th

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