China’s continuous restrictions on export of rare earth minerals can allegedly have negative impact on India’s consumer technical supply chain job market. In 2023, the Chinese government imposed strict export control over seven rare earth minerals due to the ongoing tariff war and trade tension. Among these seven elements, according to the terbium and dysproosium report, construction speakers, microphones, haptic motors and camera play an important role in modules. Experts have allegedly highlighted that India should seek alternative sources to achieve these elements.
Indian job market to face alleged retrenchment among China’s export curb
According to a moneycontrol ReportIndia’s smartphone, smart TV and audio device manufacture can damage major supply chain disruptions if China continues to place exports on rare earth elements. In particular, these restrictions are placed on dysproosium, gadolinium, lutetium, samari, scandium, terbium and yttrium.
Continuous export restrictions may report to be allegedly increase and compromise in the features of the above equipment. For this fear, many companies have allegedly resorted to imported a fully assembled speaker module from China. The names of these companies were not mentioned in the publication. Although this can be a short -term solution, in the long run, it will add a high price tag to consumer technical devices.
The Electronics Industries Association of India (ELCINA) shared a report with the government, which can affect India’s negative impact according to the report. The industry body allegedly stated that between 5,000-6,000 direct jobs and more than 15,000 indirect jobs, there is a risk in speaker and audio component manufacturing sector. In particular, most of these risk jobs are called in Noida and Southern India.
In the seven elements, the restriction on the Terbium and Disproposium is said to create a major barrier to India’s manufacturing industry. These two elements are used to create a neodimium-ore-boron (NDFEB) magnets, which are high-demonstrations in nature and are used as a component in speakers, microphones, haptic motors and camera modules.
According to the report, smartphones only use a small amount of in magnets per unit; However, a large number of units produced every year means that these devices are not spared even by negative effects. Experts talking with Moneycontrol told the publication that now there is more need for India to find an alternative source for the safety of the manufacturing industry for these elements. Another solution allegedly introduced involves focusing on the recycling of equipment to ensure that these magnets do not go waste.