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Rare Earth Exports to Japan by India
June 18 , 2025
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- India has asked state-run miner IREL (Indian Rare Earths Limited) to suspend a 13-year-old agreement on rare earth exports to Japan.
- The Govt asked IREL to stop its exports of rare earths, mainly neodymium, a key material used in magnets for electric vehicle motors.
- Under a 2012 government agreement, IREL supplies rare earths to Toyotsu Rare Earths India.
- China has curbed its rare earth materials exports since April, pressuring the automakers and high-tech manufacturers worldwide.
- India has the world’s fifth-largest rare earth reserves, at 6.9 million metric tons.
- But there is no domestic magnet production.
- India relies on imported magnets, mainly from China.
- In the fiscal year to March 2025, India imported 53,748 metric tons of rare earth magnets.
- IREL has a rare earths extraction plant in the eastern Indian state of Odisha and a refining unit in Kerala, in southern India.
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