India-China relations returning to track after fly
In a few hours, Prime Minister of India Narendra Modi and Chinese President Xi Jinping will be face to face. There will be talk on many issues between the two. By the way, in recent times or simply say that since India and America relations have been seen to be sour due to tariffs, both these countries have come very close. Also, after the Galwan struggle, the meeting between Modi and Jinping becomes even more important. In this meeting, there will be talk on many issues, but the most important issue will be the supply of rare meaning metals, which have been stopped from China in India for many months. Due to which manufacturing work in India’s auto sector was almost closed. After this meeting, the solution of the issue is almost fixed.
More than 50 applications from India
In fact, more than 50 Indian applications for heavy rare mean metals are waiting for approval in China, and no supply has been done since April. This is when China, which controlled 90 percent of the world’s rare economy processing, stopped exporting to other countries amidst a fresh trade war with the US. Although the total shipment of Rare Earth Metals coming from China to India in July has seen a boom, people said that this was due to a decrease in the flow of light grade rare meaning metals (LRE), which can be used as an alternative in small motors.
China had assured
Indian vehicle manufacturers are requesting government officials to interact better with China on this issue. Although there has been some progress in bilateral relations in recent weeks, such as negotiations to resume direct flights and reduce tension on the border, but normalization on important minerals supply has not yet occurred. An official in New Delhi had told reporters earlier this month that China has assured India to supply fertilizer, rare economy and tunnel digging machines. Earlier this month, China’s foreign minister Wang Yi was also on a two -day visit to New Delhi. Where he also met the foreign minister of India. After that, the topic of rare meaning was missing in the statement from China. The special thing is that Modi’s visit to China will also be a kind of test that he can get policy benefits from China. That too at a time when the relationship with America has deteriorated due to tariff.
Changes in vehicle manufacturer design
The lack of supply for months has forced vehicle manufacturers to make such changes in the design to reduce their dependence on heavy rare economy metals. Now the makers are switching to such motors, which can be converted to run on LRE- or ferrite-based metals. Bloomberg News stated in July that India is assessing the interest of the private sector in the policy of promoting the local production of Rare Earth metals. But it will be expensive to develop the ability to make these raw materials at the domestic level and it will take a long time. India’s largest electric two -wheeler and three -wheeler manufacturer Bajaj Auto’s Executive Director Rakesh Sharma said after the quarterly results that he is now looking for alternative sources in other countries as well. He further said that Bajaj Auto is also accelerating the development efforts of metals that do not require light or heavy rare meanings, which aim to keep itself separate from the Chinese supply.
Zero tolerance on smuggling
People aware of the case said that some vehicle manufacturers have been forced to take frustrated steps due to severe shortage in the last few months. He reported that in some cases, heavy rare economies were brought to India in the airline’s hand baggage-which were so light that they could be crossed quietly-or was hidden between the slabs of the granite sent from China. In July, government media reported that Beijing has taken a “zero tolerance” towards smuggling rare meaning, and promised strict action against the transmission through false claims and transmission through third countries. In the same month, Chinese intelligence officials accused some foreign agencies of stealing the material of rare meaning by post without naming a country.