Archive · 17 Jun 2025
India's Rare Earth Producer IREL Lacks a Full-Time Leader
Imagine India has a company that digs up special materials called rare earths, used in phones and electric cars.
The boss of this company, IREL, left their job a while ago, and they haven't found a new one yet.
This is happening at the same time that China, another big supplier of these materials, is selling less of them.
This could cause problems for companies in India who make cars and other electronics.
India used to be good at getting these materials, but Chinese companies became cheaper.
The government has asked IREL to stop selling to Japan for now and focus on helping Indian companies.
The company made a profit last year, but it's still working to improve.
IREL, India's rare earths producer, lacks a full-time chairperson since December 2024.
The vacancy occurs as China restricts rare earth exports, impacting Indian manufacturers.
IREL's director of finance is currently handling interim CMD duties.
India's rare earth industry faced challenges due to uncompetitive costs, compared to China.
The Indian government asked IREL to suspend a 13-year-old agreement with Japan.
- Who
- IREL (India) Ltd.
- What
- IREL, India's rare earth producer, lacks a full-time chairperson amid supply concerns.
- When
- The chairperson position has been vacant since December 2024.
- Where
- India.
- Why
- China restricting rare earth exports has raised concerns about supply.
Government's Actions
International Agreements
Supply Chain Stability vs. International Agreements
Government's Actions
Prioritizing domestic needs
International Agreements
Following global standards
- Company
- IREL (India) Ltd.
- CMD Vacancy
- Since December 2024
- Interim CMD
- S.B. Mohanty
- FY24 Profit
- ₹1,012 crore
- FY24 Revenue
- ₹2,104 crore
- Original Purpose
- Produce thorium for nuclear power