11-07-2025
China Diplomacy Key to Easing Rare Earth Crisis, Sona CEO Says
A diplomatic breakthrough with China is the only short-term fix for easing the shortage of rare-earth magnets, a top executive at one of the largest auto components maker said, as the exports curbs by the East Asian nation chokes the production of electric vehicles.
'In the short term, unless we have a kind of rapprochement with China and get magnet supply flowing, there are limited options for damage control,' Vivek Vikram Singh, chief executive officer, Sona BLW Precision Forgings Ltd. told Bloomberg News.
