Rare-earth magnets in the showroom at Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co. in Baotou, Inner Mongolia, China. Nelson Ching/Bloomberg via Getty Images
India’s Hindustan Zinc Limited (HZL) is looking to mine rare-earth minerals, but it will take some time before the corporation and the country see results, the company’s CEO, Arun Misra, said during a Nikkei Asia interview published on July 1.
India, along with Western nations, are actively trying to source rare earths to avoid greater dependence on China, which wields an outsized control of global supply and uses rare earths as a bargaining chip in trade negotiations.
