After six months of uncertainty, China has resumed shipments of heavy rare earth magnets to India, offering much-needed relief to manufacturers in the electric vehicle, renewable energy and consumer electronics sectors. However, the shipments come with a key condition, the cargo cannot be re-exported to the United States. The supply flow had earlier been halted amid escalating trade tensions between Beijing and Washington. People aware of the matter told ET that China has allowed exports to four companies in India: Hitachi, Continental, Jay-Ushin and DE Diamonds, after they received clearances from local authorities. The approvals come with strict caveats: the magnets cannot be re-exported to the United States and cannot be used for military purposes. Meanwhile, China and the

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