**Summary:**
The Ministry of Heavy Industries has reported on India's reliance on China for Rare Earth Magnet (REM) imports. Data from Annexure I and II indicate a significant import dependency on China, both in terms of value (USD Mn) and quantity (Kgs). The Society of Indian Automobile Manufacturers (SIAM) and Automotive Component Manufacturers Association (ACMA) have provided insights on the short-term and long-term impacts of potential supply disruptions.
To mitigate this dependency, the National Critical Mineral Mission was established on January 29, 2025, to enhance domestic capacity and build a resilient supply chain for critical minerals, including Rare Earth Elements (REE). The Ministry of Mines is also funding Research and Development (R&D) projects related to REE, with 11 projects approved during 2023-24 and 2024-25, totaling an outlay of INR 9.33 crore.
**Key Data Points:**
* **HS Code 8505190 (Permanent Magnets):** Import dependency on China was 69.73% (2022), 70.11% (2023), and 84.65% (2024) in value. In terms of quantity, dependency was 82.7% (2022-23), 87.8%(2023-24), and 84.8% (2024-25).
* **HS Code 8505119 (Permanent Magnets):** Import dependency on China was 81.38% (2022), 88.42% (2023), and 90.80% (2024) in value. In terms of quantity, dependency was 82.2% (2022-23), 88.8%(2023-24), and 90.4% (2024-25).
* **HS Code 8505900 (Electro Magnetic Lifting Heads):** Import dependency on China was 80.62% (2022), 79.73% (2023), and 88.67% (2024) in value. In terms of quantity, dependency was 65.8% (2022-23), 66.9%(2023-24), and 63.2% (2024-25).
* **R&D Funding:** INR 9.33 crore allocated to 11 REE-related projects in 2023-24 and 2024-25.
**Source:**
* Data from DGCIS (Directorate General of Commercial Intelligence and Statistics).
* Inputs from SIAM and ACMA.
**Minister Responsible:**
* Shri Bhupathiraju Srinivasa Varma, Minister of State for Heavy Industries and Steel.
**Release ID:** 2151394.
Key Entities Referenced
Ministry of Heavy Industries: The Indian government ministry responsible for the policy document regarding rare earth magnets.
Rare Earth Magnets: A type of permanent magnet composed of rare earth elements. The policy discusses India's import dependency on these magnets.
China: The country from which India imports a significant portion of its rare earth magnets.
Society of Indian Automobile Manufacturers (SIAM): An Indian automotive industry body that provided inputs on the impact of rare earth magnet supply disruption.
Automotive Component Manufacturers Association (ACMA): An Indian automotive component manufacturers association that provided inputs on the impact of rare earth magnet supply disruption.
National Critical Mineral Mission: An Indian government mission approved by the Union Cabinet on 29.01.2025 focused on increasing domestic capacity and building supply chain resilience in critical minerals, including Rare Earth Elements (REE).
Ministry of Mines: The Indian government ministry providing funding for Research and Development (RD) projects related to Rare Earth Elements (REE) to various institutions, laboratories, startups and MSMEs.
Shri Bhupathiraju Srinivasa Varma: Minister of State for Heavy Industries and Steel, who provided information regarding the matter in a written reply in the Rajya Sabha.
Ministry of Heavy Industries
DISRUPTION IN THE SUPPLY OF RARE EARTH
MAGNETS
Posted On: 01 AUG 2025 4:59PM by PIB Delhi
India’s imports of Rare Earth Magnet (REM) from China vis-à-vis world, value-wise and Quantity-wise are
given in Annexure-I and Annexure-II respectively.
As per inputs provided by Society of Indian Automobile Manufacturers (SIAM), the leading industry bodies
SIAM and Automotive Component Manufacturers Association (ACMA) have provided detailed inputs on
short term and long term impact on the industry.
The National Critical Mineral Mission has been set up, following the approval by the Union Cabinet on
29.01.2025. The Mission comprises key interventions for increasing domestic capacity and building supply
chain resilience in critical minerals which include Rare Earths Elements (REE).
Additionally, Ministry of Mines is providing funding for R&D projects related REE to various
Institutions/Laboratories/Start-ups/ MSMEs. A total of 11 REE-related projects were approved during
2023–24 and 2024–25 with a combined outlay of ₹9.33 crore.
ANNEXURE-I
(Value in USD Mn)
India’s Import from India’s Import Import Dependency
China from World on China
S.N. HS Code Description
2022- 2023- 2024- 2022 2023 2024 2022- 2023- 2024-
23 24 25 -23 -24 -25 23 24 25
PERMANENT MAGNETS
A N D A R T I C L E S
8505190 INTENDED TO BECOME 63.3 63.0 59.6
1 44.13 44.14 50.42 69.73 70.11 84.65
0 PERMANENT MAGNETS % % %
AFTER MAGNETISATION;
OF OTHER MATERIAL
OTHER: PERMANENT
M A G N E T S A N D
ARTICLES INTENDED TO
8505119 110.6 124.7 124.7 136.1 70.9 72.8 81.3
2 BECOME PERMANENT 88.42 90.8
0 8 3 7 4 % % %
M A G N E T S A F T E R
MAGNETISATION; OF
METAL
8505900 ELECTRO MAGNETIC 32.2 32.9 31.6
3 25.96 26.26 28.04 80.62 79.73 88.67
0 LIFTING HEADS % % %
(Source : DGCIS)ANNEXURE-II
(Quantity in Kgs)
I m p o r t
India’s Import from
India’s Import from China Dependency on
H S World
S.No. Description China
Code
2022- 2023- 2024- 2022 2023 2024
2022-23 2023-24 2024-25
23 24 25 -23 -24 -25
P E R M A N E N T
MAGNETS AND
A R T I C L E S
INTENDED TO
B E C O M E
850519 1,62,36, 2,12,59, 2,18,97, 1,96,41 2,42,26 2,58,25 82.7 87.8 84.8
1 P E R M A N E N T
00 407 867 325 ,188 ,205 ,835 % % %
MAGNETS AFTER
MAGNETISATION;
O F O T H E R
MATERIAL
O T H E R :
P E R M A N E N T
MAGNETS AND
A R T I C L E S
INTENDED TO
850511 1,12,29, 1,70,17, 1,76,85, 1,36,53 1,91,65 1,95,72 82.2 88.8 90.4
2 B E C O M E
90 183 844 296 ,244 ,153 ,941 % % %
P E R M A N E N T
MAGNETS AFTER
MAGNETISATION;
OF METAL
E L E C T R O
850590 MAGNETIC LIFTING 35,68,6 40,26,4 40,27,9 54,23, 60,21, 63,70, 65.8 66.9 63.2
3
00 HEADS 26 97 51 818 502 616 % % %
(Source : DGCIS)
This information was given by the Minister of State for Heavy Industries and Steel, Shri Bhupathiraju
Srinivasa Varma in a written reply in the Rajya Sabha.
*****
TPJ/NJ
(Release ID: 2151394)