The Ministry of External Affairs Thursday confirmed that some Indian companies had received licences for importing rare earth minerals from China.

“Some Indian companies have received licenses for importing rare earth magnets from China… We have to look at how the US and China talks will play into our domain…” MEA spokesperson Randhir Jaiswal said in a press conference.

The MEA statement came on a day US President Donald Trump met his Chinese counterpart Xi Jinping in South Korea. The two leaders signed a deal, keeping exports of rare earth minerals flowing to the world as part of a one-year agreement.

The Indian Express earlier reported that as many as four Indian companies, including DE Diamond, Hitachi and Continental India, were learnt to have gained permits to import Chin

See Full Page