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Trade war

India scrambles to look overseas for rare earths used in EVs

State-owned companies aim at China-free supply as trade war concerns mount

China is the world's largest supplier of key rare-earth metals used in many critical high-tech products.   © Reuters

MUMBAI/NEW DELHI -- Three Indian state-run companies are forming a joint venture to secure minor metals such as lithium and cobalt that could fuel India's plan for mass adoption of electric vehicles by 2030.

National Aluminum, Hindustan Copper and Mineral Exploration Corp. plan on exploring mines in Argentina, Bolivia, Chile and other countries for metals used to produce EV batteries, besides building strategic reserves of tungsten, nickel and rare earths.

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