China’s Rare Earth Curbs a Wake-Up Call, Says Piyush Goyal

Commerce Minister Piyush Goyal called China’s rare earth export restrictions a “global wake-up call”, stressing the need for diversified supply chains and India’s role as a trusted partner.

Speaking in Switzerland, he acknowledged short-term impacts on auto and electronics sectors, but expressed confidence that India’s industry, government, and startups will turn the crisis into an opportunity.

India is:

Strengthening Indian Rare Earths Ltd

Seeking alternative global sources

Supporting local innovation for rare earth alternatives


Goyal added that companies are shifting from subsidy reliance to innovation-led growth, and the world now looks to India as a reliable supply chain ally.