Archive · 17 Jun 2025

India's Rare Earth Producer IREL Lacks a Full-Time Leader

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.

Sources