Business Update4 Nov 2025, 02:02 pm
Jay Ushin Ltd Continues Rare Earth Magnets Import from China
AI Summary
Jay Ushin Ltd has been importing rare earth magnets for its automotive products for several years. The company has been sourcing these materials through an authorized trader in India to ensure continuity of supply and mitigate potential shortages. This clarification comes in response to media reports suggesting that the company has recently obtained a license to import these magnets.
Key Highlights
- Jay Ushin Ltd has been importing rare earth magnets for its automotive products for several years
- The company sources these materials through an authorized trader in India
- This import practice ensures continuity of supply and mitigates potential shortages
- The clarification comes in response to recent media reports
- The company has not recently obtained a license to import these magnets, as suggested by some media reports