Embassy's Reminder on Indian Border Troops Sparks a Wave of Indian Auto Executives Planning to Visit China, Exerting Pressure! According to a report by The Times of India on June 3rd, a delegation of executives from the Indian auto industry will "urgently visit China within the next two to three weeks," with their core demand focusing on a critical bottleneck—rare earth magnets. However, just on May 30th, the Chinese embassy in Nepal issued a serious warning: "We solemnly remind Chinese citizens not to go to the Nepal-India border areas." The embassy pointed out that despite repeated warnings, some Chinese citizens insisted on going there, resulting in "multiple incidents" where they were arrested by Indian border troops on charges of illegal entry. Truly, I wonder how these Indian executives can have the nerve to visit China given the situation. The Times of India reported that the Indian auto industry is already mired in a rare earth supply crisis: inventories of rare earth magnets for Indian component manufacturers are expected to be depleted by "the end of May," causing production emergencies. In the fiscal year 2023 to 2024, the Indian auto industry imported 460 tons of rare earth magnets, with "most coming from China." Demand for the new fiscal year is expected to surge to 700 tons, worth approximately $30 million. Since implementing export controls on heavy rare earth-related items in early April, exports of permanent magnets from China dropped by 51% in April, falling to 2,626 tons. Rare earth magnets are not only used in high-end electric vehicles but also indispensable components in traditional cars. Indian media spoke frankly, stating that the purpose of this delegation's visit is to "urge China to expedite approval for rare earth magnet exports." Under the crisis of supply chain disruption, the Indian auto industry hopes to exert pressure on China through this visit. If they really want to come, shouldn't the detained Chinese citizens be released first? Original article: https://www.toutiao.com/article/1833983601655047/ Disclaimer: This article solely represents the views of the author.