China pledges to address India’s rare earth needs, Indian source says
Summary
China has pledged to address India's needs for rare earths, fertilisers, and tunnel boring machines as relations improve between the two countries amid upcoming border talks and a SCO summit.
Key Points
- China has promised to address India's needs for rare earths, fertilisers, and tunnel boring machines.
- Chinese Foreign Minister Wang Yi is visiting India for border talks and will meet Prime Minister Narendra Modi.
- India-China relations have improved since the 2020 border clash with peaceful borders and increased cooperation.
- India relies on imported rare earth magnets mainly from China, despite having significant reserves but no production capacity.
