Latest news with #MaliniDutt
Time of India
08-07-2025
- Business
- Time of India
Securing critical minerals: India eyes rare earths from Australia; move to counter China's export curbs
India is in discussions with Australia to secure rare earth minerals, an Australian official confirmed on Tuesday, as global concerns mount over supply shortages triggered by Chinese export restrictions. 'They (India and Australia) are talking about rare earth and there are blocks available. So there is an opportunity for India to take an early-stage block and have tie-ups with a few companies,' said Malini Dutt, trade and investment commissioner, New South Wales Government, Australia. The talks come at a time when China's tightening grip on rare earth exports is impacting key industries, including the automotive and white goods sectors in India. China currently controls more than 90% of the world's magnet processing capacity, magnets that are critical to automobiles, home appliances and clean energy systems. Speaking on the sidelines of the India Energy Storage Week (IESW) 2025, organised by the India Energy Storage Alliance (IESA), Dutt added that Indian interest goes beyond rare earth minerals. 'There is a lot of interest around copper as well, given some of the conversations I have had. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Esse novo alarme com câmera é quase gratuito em Ribeirão Preto (consulte o preço) Alarmes Undo The interest is both from private sector and a PSU which is quite on the hunt for copper (blocks),' she said, quoted by PTI. 'You are aware there are smelters and companies like Adani has made a big investment. There is capacity available. There is an abundance of copper. That is one area people are looking at," Dutt explained. China's export restrictions on rare earth elements and magnets are impacting India's auto and white goods industries. With over 90% control of global magnet processing, China plays a dominant role in supplying components crucial to automobiles, household appliances and clean energy technologies. These rare earths—such as samarium, gadolinium, terbium, dysprosium and lutetium—are key to electric motors, braking systems, smartphones and missile systems. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
08-07-2025
- Business
- Time of India
India in talks with Australia to source rare earth minerals following China restrictions: Australian official
India is in talks with Australia for rare earth minerals , an Australian official stated. The development comes amid rare earth magnet shortage caused by Chinese export restrictions. "They (India and Australia) are talking about rare earth and there are blocks available. So there is an opportunity for India to take an early-stage block and have tie-ups with a few companies," Malini Dutt , Trade and Investment Commissioner, New South Wales Government, Australia, said. Furthermore, both private and public sectors in India have expressed interest in copper blocks in Australia, she said on the sidelines of India Energy Storage Week (IESW) 2025, organised by India Energy Storage Alliance (IESA). "There is a lot of interest around copper as well, given some of the conversations I have had. The interest is both from private sector and a PSU which is quite on the hunt for copper (blocks),' Malini said. 'You are aware there are smelters and companies like Adani has made a big investment. There is capacity available. There is an abundance of copper. That is one area people are looking at," she explained. Live Events The domestic auto and white goods sectors have been affected due to China's restrictions on the export of rare earth elements and magnets . China controls over 90 per cent of the global processing capacity for magnets, used across multiple sectors including automobiles, home appliances and clean energy. Critical materials include samarium, gadolinium, terbium, dysprosium and lutetium, which are essential in electric motors , braking systems, smartphones and missile technology.
India.com
08-07-2025
- Business
- India.com
After China blocks supply of rare earth magnets to India, Modi govt now in talk with THIS country to get supply, not Russia, US, Taiwan, name is....
After China blocks supply of rare earth magnets to India, Modi govt now in talk with THIS country to get supply, not Russia, US, Taiwan, name is.... India is currently in discussions with Australia to get access to rare earth minerals, according to an Australian trade official. This is happening at a time when there's a global shortage of rare earth magnets, mainly due to China's export limits. Malini Dutt, who is the Trade and Investment Commissioner for New South Wales, Australia, said that both countries are talking about the possibility of India taking over some early-stage rare earth mining blocks in Australia. She added that this could lead to partnerships with Australian companies working in the sector. Besides rare earths, Indian companies both private and government-owned are also showing strong interest in copper mines in Australia. Dutt shared these updates while speaking at the India Energy Storage Week (IESW) 2025, hosted by the India Energy Storage Alliance (IESA). 'There's a lot of interest in copper too,' she was quoted as saying by news agency PTI. 'I've spoken to both private companies and a public sector unit (PSU) that are actively looking for copper blocks. India already has smelting capacity, and companies like Adani have invested heavily in this space.' She explained that Australia has a good supply of copper, and with Indian industries looking to expand, it makes sense for them to explore opportunities there. China's rare earth export curbs hit auto, appliance industries China's decision to limit exports of rare earth elements and magnets is starting to impact several industries in India, especially the automobile and home appliance (white goods) sectors. China currently holds more than 90 per cent of the world's processing capacity for these high-tech magnets, which are vital in products ranging from cars and refrigerators to wind turbines and smartphones. Some of the key rare earth materials affected by the restrictions include: Samarium Gadolinium Terbium Dysprosium Lutetium These elements are critical for making things like: Electric vehicle motors Braking systems Mobile phones Even advanced defense equipment like missiles With China tightening its grip on exports, many countries, including India, are now looking for alternative sources such as Australia to secure these essential materials and reduce dependence on one supplier. (With PTI inputs)
Indian Express
08-07-2025
- Business
- Indian Express
India in talks with Australia to source rare earth minerals, says official
India is in talks with Australia to source rare earth minerals, an Australian official said on Tuesday. The development assumes significance in the wake of rare earth magnet shortage caused by Chinese export restrictions. 'They (India and Australia) are talking about rare earth and there are blocks available. So there is an opportunity for India to take an early-stage block and have tie-ups with a few companies,' Malini Dutt, Trade and Investment Commissioner, New South Wales Government, Australia, said. Besides rare earth, both private and public sectors in India have shown interest in copper blocks in Australia, she said on the sidelines of India Energy Storage Week (IESW) 2025, organised by India Energy Storage Alliance (IESA). 'There is a lot of interest around copper as well, given some of the conversations I have had. The interest is both from private sector and a PSU which is quite on the hunt for copper (blocks),' Malini said. 'You are aware there are smelters and companies like Adani has made a big investment. There is capacity available. There is an abundance of copper. That is one area people are looking at,' she explained. China's restrictions on the export of rare earth elements and related magnets are affecting the domestic auto and white goods sectors. China controls over 90 per cent of the global processing capacity for magnets, used across multiple sectors including automobiles, home appliances and clean energy. Critical materials include samarium, gadolinium, terbium, dysprosium and lutetium, which are essential in electric motors, braking systems, smartphones and missile technology.
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Business Standard
08-07-2025
- Business
- Business Standard
India in talks with Australia to source rare earth minerals, says official
India is in talks with Australia to source rare earth minerals, an Australian official said on Tuesday. The development assumes significance in the wake of rare earth magnet shortage caused by Chinese export restrictions. "They (India and Australia) are talking about rare earth and there are blocks available. So there is an opportunity for India to take an early-stage block and have tie-ups with a few companies," Malini Dutt, Trade and Investment Commissioner, New South Wales Government, Australia, said. Besides rare earth, both private and public sectors in India have shown interest in copper blocks in Australia, she said on the sidelines of India Energy Storage Week (IESW) 2025, organised by India Energy Storage Alliance (IESA). "There is a lot of interest around copper as well, given some of the conversations I have had. The interest is both from private sector and a PSU which is quite on the hunt for copper (blocks), Malini said. You are aware there are smelters and companies like Adani has made a big investment. There is capacity available. There is an abundance of copper. That is one area people are looking at," she explained. China's restrictions on the export of rare earth elements and related magnets are affecting the domestic auto and white goods sectors. China controls over 90 per cent of the global processing capacity for magnets, used across multiple sectors including automobiles, home appliances and clean energy. Critical materials include samarium, gadolinium, terbium, dysprosium and lutetium, which are essential in electric motors, braking systems, smartphones and missile technology. (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.)
