Rare earth magnet shortage hits India: China’s export curbs threaten auto output

India’s automobile sector is on alert as supplies of rare earth magnets from China remain suspended, two weeks after Beijing promised to ease export restrictions. Despite high-level talks between the two countries, automakers and component suppliers say little has changed on the ground, and concerns are mounting that production could be disrupted during the upcoming festive season, when demand typically spikes.

Why Beijing tightened the screws?
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