INDIA SUPPLY CHAIN DIVERSIFICATION
Shortage of rare earth magnets can decelerate India's automotive ride, Crisil says
Rare earth magnets, low in cost but critical in function, could emerge as a key supply-side risk for India's automotive sector if China's export restrictions and delays in shipment clearances persist, according to a report by Crisil Ratings.
G7 in Canada: What’s at stake for Canada as Carney hosts Trump, Modi, Zelenskyy amid trade wars, global crisis, and tensions
Canada is preparing to host the G7 summit. Prime Minister Mark Carney aims to reshape Canada's global image. Discussions will include trade tensions, new alliances, and Canada's role in a changing world. Leaders from Mexico, Brazil, South Korea, and Ukraine will attend. The summit will address energy security, AI governance, and global health.
Learn With ETMarkets: Geopolitics vs. Portfolio - 7 smart investing moves in volatile times
Geopolitical tensions significantly influence financial markets, impacting supply chains and commodity prices. Despite events like the Russia-Ukraine conflict and US-China trade tensions causing short-term volatility, Indian equity markets have shown resilience. Experts advise maintaining a long-term perspective, diversifying asset allocation, and incorporating safe-haven assets.
India, China agree to hold 'functional talks' on trade, eco
India and China have agreed to engage in talks, addressing specific economic and trade concerns, including rare earth metal supplies affected by Chinese export controls. Both nations aim to expedite the resumption of direct flights and finalize an updated Air Services Agreement.
India moves to conserve its rare earths, seeks halt to Japan exports, sources say
India has requested IREL to halt rare earth exports to Japan, aiming to secure domestic supplies and lessen reliance on China. This decision follows China's export restrictions, which have impacted global industries. IREL intends to expand domestic mining and processing capabilities, seeking partnerships for rare earth magnet production, while India plans incentives for local processing and magnet facilities.
Crude oil prices could spike to $120, warns J.P. Morgan. Explained in 6 key points
Following Israel's military operation on Iranian nuclear sites, J.P. Morgan warns oil prices could surge to $120 a barrel if Middle East tensions escalate. Brent crude futures already jumped nearly 9%, and the bank estimates a 7% chance of a worst-case scenario involving Iranian oil supply disruptions. The situation complicates monetary policy amid stalled nuclear talks.
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Foxconn sends 97% of India iPhone exports to US as Apple tackles Trump's tariffs
Between March and May, 97% of iPhones exported from India by Foxconn were shipped to the U.S., highlighting Apple’s move to bypass U.S. tariffs on China. Exports hit $3.2 billion in that period. Apple is rapidly scaling Indian production, with made-in-India iPhones expected to rise significantly in 2025.
Auto sector pushes 3-step plan to cut China dependence for rare earth magnets
Indian automakers are facing potential supply disruptions of rare earth magnets due to China's export controls, impacting production of critical components for both electric and conventional vehicles. To mitigate this, the industry has proposed a three-pronged strategy to the government, including local assembly incentives, recycling initiatives, and diversification of import sources.
Willing to step-up dialogue, China on lifting export curbs on rare earth metals to India
China has hinted at potential discussions with India regarding export restrictions on rare earth materials, expressing a willingness to enhance dialogue and cooperation with various nations to ensure stable industrial supply chains. This follows concerns in India about shortages affecting automobile and semiconductor manufacturing.
Rare earth magnet supplies for certain applications may taper off by mid July: Report
Icra reports potential rare earth magnet shortages for automotive applications by mid-July 2025 due to China's export restrictions and shipment delays. The Indian auto industry, heavily reliant on Chinese NdFeB magnets, faces production planning uncertainty, especially for EVs. While exploring alternatives like importing fully assembled motors, logistical and regulatory challenges persist.
Terrorism will come back to haunt you: Jaishankar warns West against selective outrage over Kashmir attack
During his Brussels visit, Indian External Affairs Minister S. Jaishankar advocated for India as a reliable economic partner, highlighting its skilled labor and trustworthiness compared to China. He addressed concerns about terrorism emanating from Pakistan and defended India's stance on the Russia-Ukraine conflict, emphasising its independent foreign policy. Jaishankar also voiced strong opposition to the EU's Carbon Border Adjustment Mechanism.
Tata & Foxconn: The Made-in-India iPhone race that’s reshaping Apple’s global supply chain
India is rapidly emerging as a major iPhone manufacturing hub, driven by giants like Tata Electronics and Foxconn. Fueled by government incentives and a desire to diversify from China, India's iPhone production is surging. In May 2025, production reached over ₹15,000 crore, matching 2024's domestic consumption.
US trade pact set for early finish: Piyush Goyal
India and the US are progressing towards a trade agreement. The target is before fall 2025. Piyush Goyal highlights India's strong position with existing FTAs with various nations. Discussions are ongoing with the US, EU, Peru, Chile, and Oman for further trade agreements. Goyal notes the world recognizes India's growing economic strength.
Auto cos seek PLI relaxations amid rare earths supply disruption
The Indian automotive sector is grappling with supply chain hurdles, primarily due to restrictions on shipments of rare earth magnets from China. This has prompted major automakers, including Maruti Suzuki and Tata Motors, to urge the government to relax domestic value addition requirements linked to the Production-Linked Incentive (PLI) scheme and the Production-linked Manufacturing Plan (PMP).
Rare earth rattles: As US woos China, India watches and weighs its chances
Amidst China's rare earth export restrictions causing global concern, India is actively seeking joint exploration opportunities with Central Asian nations to diversify its supply chains. Minister Piyush Goyal has called China's actions a "wake-up call," as India aims to become a reliable alternative for businesses reducing dependence on Chinese suppliers, though challenges and a lengthy process are anticipated.
How this IIM Calcutta programme prepares you for what’s next in supply chain management
Here’s why the Advanced Programme in Supply Chain Management (APSCM) by IIM Calcutta is ideal for professionals navigating the complexity of global and regional supply chains—across sectors such as manufacturing, retail, services, and infrastructure.
China's rare earth curbs a 'wake-up call' as India builds alternative supply chains: Piyush Goyal
Piyush Goyal addressed China's rare earth export restrictions as a global wake-up call, highlighting India's efforts to build alternative supply chains. He acknowledged short-term challenges for the automotive and white goods sectors but expressed confidence in overcoming them through collaboration and innovation. India aims to become a trusted partner for businesses seeking to reduce dependence on Chinese suppliers.
Brazil's Embraer looking to step up jet production
Embraer aims to significantly boost its commercial plane production to meet airline demands for alternatives to the Boeing-Airbus duopoly. Exploring a new aircraft design to compete with industry giants, the company is also open to establishing a final assembly line in India, contingent on securing substantial orders from Indian airlines.
Auto companies 'in full panic' over rare-earths bottleneck
Global automakers are alarmed by China's rare-earth export restrictions, fearing a new supply chain crisis. With limited alternative magnet sources, companies are stockpiling and seeking workarounds to avoid factory shutdowns. The industry's reliance on China for critical raw materials raises concerns about future leverage and potential disruptions.
Power shift: How Tesla’s turmoil is steering global capital towards India
A public clash between Elon Musk and Donald Trump in early June 2025 triggered a massive selloff of Tesla stock, erasing $150 billion in market capitalisation. This turmoil, however, presents a significant opportunity for India.
RITES shares in focus after MoU with Hindustan Copper to build critical mineral supply chain
RITES Ltd has signed an MoU with Hindustan Copper Ltd to jointly develop a sustainable and self-reliant supply chain for critical minerals. The partnership aims to boost mineral security by supporting exploration, extraction, and infrastructure development both in India and overseas.
India central to key supply chains; must be part of G7: Canadian PM
Canadian Prime Minister Mark Carney defended inviting India to the G7 summit, emphasizing its economic significance and role in global supply chains.
Indian EV Industry being hurt by additional restrictions on rare earth minerals by China: Jefferies
Indian EV companies are facing challenges due to China's restrictions on rare earth metal exports. Importing magnets, crucial for EV motors, has become difficult. Companies might consider importing fully assembled motors, but this poses new challenges. The Indian government is exploring options like building stockpiles and offering incentives for domestic production.
The world's auto supply chain is in the hands of a few Chinese bureaucrats
China's control over rare earth magnet exports, crucial for electric vehicles and other industries, has become a point of contention in the trade war with the U.S. Stricter export controls implemented in April have led to significant delays in license approvals, impacting global automakers and technology firms.
India, Italy get into a huddle over critical mineral squeeze
India and Italy have expressed concerns regarding the dominance of a few nations over critical minerals, highlighting the potential risks to economic development. Both countries are exploring ways to reduce over-reliance on specific suppliers for these essential components used in semiconductors, aerospace, and EV batteries. Joint ventures between Indian and Italian private sectors are being considered to diversify supply chains.
Trump wants America to make things again. Does it have what it takes?
Amidst Trump's trade war and tariffs aimed at revitalising American manufacturing, companies face hurdles in bringing jobs back to the U.S.
India’s FDI Rise: A decade of decisive growth and global confidence
India's foreign investment landscape has transformed since 2014. FDI equity inflows have surged, especially between 2019 and 2024. Government reforms like Make in India and Digital India have boosted investor confidence. The digital economy and manufacturing sectors have seen significant growth. India is emerging as a hub for clean technology and sustainable growth.
How is India benefiting from supply chain diversification away from China? Morgan Stanley’s Chetan Ahya explains
Morgan Stanley's Chetan Ahya highlights India's growing advantage over China due to tariff differences. American companies are considering increased imports from India. Government policies are significantly boosting manufacturing and exports. Electronics manufacturing is expanding beyond mobile phones. Infrastructure development will further strengthen India's manufacturing exports. Optimism in Indian equity markets aligns with positive economic fundamentals.
India to benefit from supply-chain shifts due to ongoing tariff tensions: Nomura
India is poised to secure a trade agreement with the US, potentially granting it a tariff advantage over China with a reciprocal tariff of 10%. This deal is expected to boost India's economy through trade diversion and supply chain shifts. Nomura projects a GDP growth of 6.
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