Global South World - Rare Earth Magnets https://www.globalsouthworld.com/rss/tag/Rare%20Earth%20Magnets en-US India confirms import licenses for rare earth magnets from China following Trump-Xi meeting: Video https://www.globalsouthworld.com/article/india-confirms-import-licenses-for-rare-earth-magnets-from-china-following-trump-xi-meeting-video https://www.globalsouthworld.com/article/india-confirms-import-licenses-for-rare-earth-magnets-from-china-following-trump-xi-meeting-video Fri, 31 Oct 2025 11:19:38 Z MEA spokesperson Randhir Jaiswal told reporters in New Delhi on Thursday, October 30, that firms including DE Diamond, Hitachi, and Continental India have received conditional permits.

Jaiswal noted that India is still evaluating the impact of recent US-China trade developments. “As far as the latest talks and relaxations that have happened between the US and China, we are yet to assess how they will play into our domain,” he said.

China’s restrictions on critical materials have been paused for one year under a trade agreement reached between US President Donald Trump and Chinese President Xi Jinping during a meeting in South Korea on Thursday.

In a separate announcement, Jaiswal revealed that the United States has granted India a six-month waiver from sanctions tied to the Chabahar port project in Iran. The strategic initiative, spearheaded by India Ports Global Ltd (IPGL), involves an estimated $370 million investment to strengthen connectivity across the region.

]]> Global South World India confirms import licenses for rare earth magnets from China following Trump-Xi meeting