China, which controls roughly 49% of the world’s rare earth reserves, 69% of mining output, and 90% of refining capacity, has tightened its grip on global supply. Under new export rules, even products containing as little as 0.1% of Chinese-sourced rare earths will now require government approval—a move that could ripple through India’s fast-growing EV, electronics, and renewable energy sectors.
Here are 10 Indian companies that could feel the heat if the rare earth squeeze persists, according to brokerage Ventura.