Through years of calculated efforts, China has secured an iron grip on rare earth magnets. It channelled state support and ensured an abundant supply of raw materials from around the world, helping Chinese companies undercut global rivals, decimating industries in the US and other nations by 2010. With competition largely folding, Beijing now wields significant leverage on supply chains.
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Test - Lok Sabha Election 2024 LIVE: Telangana BJP chief G Kishan Reddy predicts landslide victory for party in upcoming polls
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