Overview
- China’s commerce ministry on October 9 expanded export controls to 12 of 17 rare-earth elements and added extraterritorial coverage for magnets and goods with Chinese rare-earth content starting December 1.
- India’s foreign ministry signalled it will issue end‑user certificates where internationally required as Beijing seeks assurances on use and re‑export of rare-earth materials and magnets.
- Commerce Minister Piyush Goyal said India is pursuing trade agreements with Chile and Peru, increasing domestic exploration, and engaging startups to build recycling and processing capacity while urging industry to diversify supply chains.
- Indian reports say New Delhi is assessing Russian processing technologies and preparing stockpiles alongside roughly ₹7,300 crore in incentives to expand domestic magnet production.
- The United States threatened 100% tariffs on Chinese goods and is advancing supply deals with partners including Australia, as analysts such as Morgan Stanley caution that China may struggle to enforce its extraterritorial controls globally.