Latest news with #China-origin
Fibre2Fashion
12-07-2025
- Business
- Fibre2Fashion
ChinaâUS container volumes down 28% in June 2025
China-origin container volumes to the US remained significantly subdued in June 2025, totalling 639,300 twenty-foot equivalent units (TEUs)—flat month-on-month (MoM) but 28.3 per cent below June 2024 levels, according to The Global Shipping Report released by Descartes. China's share of total US imports dropped to 28.8 per cent, its lowest since 2021, reflecting the lingering effects of elevated tariffs, sourcing diversification, and the phased revocation of the de minimis exemption. China-origin container volumes to the US stayed flat MoM in June 2025 at 639,300 TEUs, but dropped 28.3 per cent YoY. China's share of US imports hit a low of 28.8 per cent amid tariffs, de minimis rule revocation, and trade rerouting. E-commerce brands face margin pressure, while Red Sea disruptions and tariff uncertainty ahead of the August 10 truce expiry add to trade risks. The marginal recovery in overall US imports in June (up 1.8 per cent from May to 2,217,675 TEUs) was not mirrored by China. Analysts point to uncertainty ahead of the August 10 expiry of the US–China tariff truce, which temporarily reduced tariffs from 145 per cent to 30 per cent. New tariffs on Vietnamese re-exports—often used to bypass direct China sourcing—have further constrained trade flows. E-commerce brands have been hit particularly hard. The revoked de minimis rule, replaced with a 54 per cent duty as of mid-May, continues to erode margins and increase compliance costs. Wider geopolitical tensions are amplifying trade risk. Shipping through the Red Sea and Bab el-Mandeb Strait remains depressed—nearly 50 per cent below early 2024 levels—as carriers reroute vessels around the Cape of Good Hope, increasing costs and delays on Asia–US and Asia–Europe lanes. The Iran–Israel conflict and persistent Houthi attacks have stalled any return to Red Sea routes. With China-origin imports historically concentrated through West Coast ports, the impact of reduced volumes has been partially offset by tariff-induced rerouting and a surge in trade from other Asian economies. Yet analysts said that unless there is clarity on tariff policy post-August, the slowdown in China trade may extend well into the second half of 2025. Fibre2Fashion News Desk (HU)
Time of India
28-06-2025
- Business
- Time of India
Government, industry, academia working to resolve issues concerning rare earth magnets: Meity official
The government, industry and academia are working to resolve the issues concerning rare earth magnets, which are used in the automobile sector and other devices, a senior Meity official said on Friday. The technology exists to make rare earth magnets but to produce them at a commercially competitive rate is a challenge, Ministry of Electronics and IT, Additional Secretary, Amitesh Sinha said. Speaking on the sidelines of the Tec-Verse event showcasing PSU technology research, Sinha said that to solve the issues concerning rare earth, all three partners - government, industry and academia - are doing their work. "Technology is there, but we have to see how commercially we can do it at a competitive price. So that is the main challenge. The government will surely work because these things are now becoming strategic and important," Sinha said. The Centre for Materials for Electronics Technology ( C-MET ), a research unit under Meity, at the event signed a transfer of technology agreement with Ahmedabad-based firm Somal Magnets for the production of rare earth magnets. Sinha said the work on the technology development has been going on for some years as the government realises the importance of material technologies. "It is an effort of the last few years. So they (C-MET) have already been working on it, but suddenly the focus has come on this rare earth material. For such things, first we will have to develop a capability which, at the time of crisis, can be easily scaled. So that kind of infrastructure or capability we are aiming for now," Sinha said. He, however, said Meity is not directly engaged in the production of rare earth magnets but only in some technologies that are important for their production. In April 2024, China implemented strict export licensing on rare earth elements like terbium and dysprosium - key inputs for high-level performance NdFeB ( Neodymium-Iron-Boron ) magnets used in consumer electronics. The country's oldest electronics industry body, Elcina, said that the move has disrupted global supply chains, hitting India's fast-growing hearables and wearables sector hard, and the device makers are switching to import fully assembled speaker modules from China. Elcina estimates that the rare earth metal-based magnets account for around 5-7% of the Bill of Materials, and India imports nearly 100% of its NdFeB magnet requirement, with China accounting for 90% of the total imports. The industry body said prices of China-origin magnets have increased due to tightened supply and administrative bottlenecks, and alternate sources, such as Japan, the European Union and the US, are 2-3 times more expensive and also lack sufficient capacity to meet India's rising demand. Rare earth magnets include neodymium-iron-boron (NdFeB). It is used for high-performance automotive applications such as traction motors in electric vehicles (two-wheelers and passenger vehicles) and power steering motors (in passenger vehicles) in both electric vehicles and internal combustion engine vehicles.
Time of India
27-06-2025
- Automotive
- Time of India
Govt, industry, academia working to resolve issues concerning rare earth magnets: Meity official
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The government, industry and academia are working to resolve the issues concerning rare earth magnets , which are used in the automobile sector and other devices, a senior Meity official said on technology exists to make rare earth magnets but to produce them at a commercially competitive rate is a challenge, Ministry of Electronics and IT, Additional Secretary, Amitesh Sinha on the sidelines of the Tec-Verse event showcasing PSU technology research, Sinha said that to solve the issues concerning rare earth, all three partners - government, industry and academia - are doing their work."Technology is there, but we have to see how commercially we can do it at a competitive price. So that is the main challenge. The government will surely work because these things are now becoming strategic and important," Sinha Centre for Materials for Electronics Technology ( C-MET ), a research unit under Meity, at the event signed a transfer of technology agreement with Ahmedabad-based firm Somal Magnets for the production of rare earth said the work on the technology development has been going on for some years as the government realises the importance of material technologies."It is an effort of the last few years. So they (C-MET) have already been working on it, but suddenly the focus has come on this rare earth material. For such things, first we will have to develop a capability which, at the time of crisis, can be easily scaled. So that kind of infrastructure or capability we are aiming for now," Sinha however, said Meity is not directly engaged in the production of rare earth magnets but only in some technologies that are important for their April 2024, China implemented strict export licensing on rare earth elements like terbium and dysprosium - key inputs for high-level performance NdFeB ( Neodymium-Iron-Boron ) magnets used in consumer country's oldest electronics industry body, Elcina, said that the move has disrupted global supply chains, hitting India's fast-growing hearables and wearables sector hard, and the device makers are switching to import fully assembled speaker modules from estimates that the rare earth metal-based magnets account for around 5-7 per cent of the Bill of Materials, and India imports nearly 100 per cent of its NdFeB magnet requirement, with China accounting for 90 per cent of the total industry body said prices of China-origin magnets have increased due to tightened supply and administrative bottlenecks, and alternate sources, such as Japan, the European Union and the US, are 2-3 times more expensive and also lack sufficient capacity to meet India's rising earth magnets include neodymium-iron-boron (NdFeB). It is used for high-performance automotive applications such as traction motors in electric vehicles (two-wheelers and passenger vehicles) and power steering motors (in passenger vehicles) in both electric vehicles and internal combustion engine vehicles.
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Business Standard
27-06-2025
- Business
- Business Standard
Govt, industry working to address rare earth magnet issues: Meity official
The government, industry and academia are working to resolve the issues concerning rare earth magnets, which are used in the automobile sector and other devices, a senior Meity official said on Friday. The technology exists to make rare earth magnets but to produce them at a commercially competitive rate is a challenge, Ministry of Electronics and IT, Additional Secretary, Amitesh Sinha said. Speaking on the sidelines of the Tec-Verse event showcasing PSU technology research, Sinha said that to solve the issues concerning rare earth, all three partners - government, industry and academia - are doing their work. "Technology is there, but we have to see how commercially we can do it at a competitive price. So that is the main challenge. The government will surely work because these things are now becoming strategic and important," Sinha said. The Centre for Materials for Electronics Technology (C-MET), a research unit under Meity, at the event signed a transfer of technology agreement with Ahmedabad-based firm Somal Magnets for the production of rare earth magnets. Sinha said the work on the technology development has been going on for some years as the government realises the importance of material technologies. "It is an effort of the last few years. So they (C-MET) have already been working on it, but suddenly the focus has come on this rare earth material. For such things, first we will have to develop a capability which, at the time of crisis, can be easily scaled. So that kind of infrastructure or capability we are aiming for now," Sinha said. He, however, said Meity is not directly engaged in the production of rare earth magnets but only in some technologies that are important for their production. In April 2024, China implemented strict export licensing on rare earth elements like terbium and dysprosium - key inputs for high-level performance NdFeB (Neodymium-Iron-Boron) magnets used in consumer electronics. The country's oldest electronics industry body, Elcina, said that the move has disrupted global supply chains, hitting India's fast-growing hearables and wearables sector hard, and the device makers are switching to import fully assembled speaker modules from China. Elcina estimates that the rare earth metal-based magnets account for around 5-7 per cent of the Bill of Materials, and India imports nearly 100 per cent of its NdFeB magnet requirement, with China accounting for 90 per cent of the total imports. The industry body said prices of China-origin magnets have increased due to tightened supply and administrative bottlenecks, and alternate sources, such as Japan, the European Union and the US, are 2-3 times more expensive and also lack sufficient capacity to meet India's rising demand. Rare earth magnets include neodymium-iron-boron (NdFeB). It is used for high-performance automotive applications such as traction motors in electric vehicles (two-wheelers and passenger vehicles) and power steering motors (in passenger vehicles) in both electric vehicles and internal combustion engine vehicles. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
India.com
23-06-2025
- Business
- India.com
One move by China and 21000 Indians may lose jobs! these sectors at risk due to…
The country's audio electronics sector faces the potential risk of loss of over 21,000 jobs due to China's restrictions on rare earth metal exports, as per estimates shared by industry body ELCINA with the government. In April, China introduced restrictions on export licensing requirements for rare earth elements like terbium and dysprosium, critical components for manufacturing high-performance NdFeB (Neodymium-Iron-Boron) magnets used in consumer electronics. The country's oldest electronics industry body said that the move has disrupted global supply chains, hitting India's fast-growing hearables and wearables sector hard and the device makers are switching to import fully assembled speaker modules from China. 'This creates a regressive trend-from component manufacturing back to finished good imports dependency. Over 5,000-6,000 direct jobs and 15,000 indirect jobs are at risk in speaker and audio component manufacturing especially in Noida and South India,' Elcina stated in the report. Elcina estimates that the rare earth metal-based magnets account for around 5-7 per cent of the bill of materials and India imports nearly 100 per cent of its NdFeB magnet requirement with China accounting for 90 per cent of the total imports. The industry body said that prices of China-origin magnets have increased due to tightened supply and administrative bootlenecks and other sources such as Japan, EU and the US are 2-3 times more expensive and also lack sufficient capacity to meet India's rising demand. Electronics manufacturing services firm Videotex, which produces televisions, said rare earth-based magnets are critical in TV manufacturing, particularly for speakers, due to their superior performance and compact size. 'As the country remains heavily reliant on imports for these components, this presents a clear challenge. However, the specific impact on the television manufacturing segment is expected to be relatively limited. We are working closely with our suppliers to ensure adequate stock for the upcoming season, thereby maintaining production continuity,' Videotex Director Arjun Bajaj said. Videotex makes TVs for Havels (Lloyd), Reliance Group (BPL & Reconnect), Vijay Sales, Toshiba and over 25 other brands. 'Additionally, based on supplier guidance, we are actively exploring alternative solutions such as ferrite magnets, which offer reasonable performance trade-offs. While the disruption is significant, it also underscores the importance of long-term strategies to localise and diversify our component sourcing,' Bajaj said. Elcina has urged the government to initiate government-to-government (G2G) dialogue with China, explore industry-specific exemptions similar to those seen in semiconductor trade channels, boost local research and development and manufacturing of rare earth magnets under the electronics component manufacturing scheme. The industry body has recommended government explore the possibility of rolling out a production-linked incentive scheme for critical minerals. (With inputs from PTI)
