India Boosts Rare Earth Incentives to Counter China's Dominance

India wants to make more of special materials called rare earths, which are needed for things like electric cars and strong magnets.

Right now, China controls most of these materials.

So, India is planning to spend a lot more money, over $788 million, to encourage companies to make these rare earths in India.

This is much more than they planned before.

They hope this will make them less reliant on China.

Other countries are also trying to find new sources for these materials.

However, making rare earths can be tricky because it's expensive, requires special knowledge, and can be bad for the environment.

China had previously made it harder for other countries to buy their rare earths, but has recently eased some restrictions for the US and EU.

If China makes it easy for India to buy their materials again, it might make it harder for India to succeed with its new plan.